By Maya Lester KC & Michael O’Kane

US Treasury sanctions Burma’s Ministry of Defence and Burmese banks

Last week OFAC updated its Burma sanctions list (press release, press release, notice).  The new designations are: Burma’s Ministry of Defence for its alleged repressive military rule and import of goods from sanctioned entities, including Russia; and Myanma Foreign Trade Bank and Myanma Investment and Commercial Bank, state-owned financial institutions that primarily function as foreign currency exchanges, enabling state-owned enterprises access to …

Burma / MyanmarBurma / Myanmar United StatesUnited States

About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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