OFAC designates 11 senior Burmese government officials

FROM A
DIFFERENT ANGLE by Kenneth Rijock

Financial Crime Consultant, for World-Check

20 October 2007

The US Treasury's Office of Foreign Assets Control (OFAC) has named eleven senior Burmese government officials as Specially Designated Nationals, or SDNs, and has also listed several corporate entities controlled by the Burmese military regime. This action is in addition to the previous naming of 14 Burmese senior officials on 27 September*.

I would be very, very careful when dealing with any of the following Burmese government agencies, all of whose commanders have been designated, lest you unwittingly violate these OFAC sanctions by receiving correspondence from an agency head.

Ministry of Commerce

Ministry of Telecommunications, Post & Telegraph

Ministry of Construction

Ministry of Electric Power

Ministry of Finance & Revenue

Ministry of Industry

Ministry of National Planning and Economic Development

Ministry of Science and Technology

Ministry of Labor

Ministry of Health

Rangoon City Development Committee

It is further suggested that you World-Check the names of any Burmese entities that your clients are currently doing business with, to ensure that they are not in violation of OFAC sanctions. ___________________________________________________________________________________________________________ *See US Designates 14 Burmese PEPs as SDNs, World-Check 29 September, 2007.

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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