By Maya Lester KC & Michael O’Kane

Expiry of US general licence for transactions with Burma/Myanmar banks

On 21 June 2023, OFAC designated Myanma Foreign Trade Bank and Myanma Investment and Commercial Bank (previous post).  A general licence was issued at the same time, allowing entities to engage in transactions with the 2 banks for the purposes of winding down.  On 5 August 2023, the general licence expired (press release).  Therefore, transactions with the 2 banks must now be …

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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