FROM A
DIFFERENT ANGLE by Kenneth Rijock
Financial Crime Consultant, for World-Check
More about the Author
OFAC publishes overview of Burma sanctions
27 June 2007

The Office of Financial Assets Control (OFAC) has published a detailed and comprehensive summary of all relevant laws and regulations involving Burmese sanctions currently in effect. We herewith provide the subjects covered and a hyperlink to the document itself for our readers.

Note that the US pointedly does not refer to the country as Myamar, which is a pretty good indication of America's attitude towards the dictatorship currently in power. The topics in the overview are:

  • Blocking of Property.
  • No importation of Products of Burma.
  • Exportation of Goods & Non-financial Services to Burma.
  • Exportation of Financial Services to Burma.
  • Operation of accounts for individuals in Burma.
  • Transfer of personal remittances to/from Burma.
  • NGO Activity in Burma.
  • New Investment.
  • Facilitation.
  • Investment in Third Country Companies.

For the complete overview, go to:

http://www.treas.gov/offices/enforcement/ofac/programs/burma/burma.pdf

 

The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.

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