On July 2, 2021, the US Department of the Treasury’s Office of Foreign Assets Control designated 22 individuals associated with Burma’s military regime, including 7 key members of Burma’s military and 15 individuals who are the spouses and adult children of high-ranking Burmese officials. The designations were made pursuant to Executive Order 14014, “Blocking Property with Respect to the Situation in Burma,” in response to the Burmese military’s ongoing suppression of the country’s pro-democracy movement and use of deadly force against the people of Burma. As a result of these designations, all US property is blocked, and any transactions with sanctioned persons or entities are generally prohibited.
The OFAC designations were made to coincide with new restrictions issued by the US Department of Commerce’s Bureau of Industry and Security (BIS) against four entities that have supported Burma’s military, and were previously designated by OFAC in March of 2021 pursuant to EO 14014. The four entities were added by BIS to the Department of Commerce Entity List pursuant to Supplement No. 4 to Part 744 of the Export Administration Regulations (EAR), that will subject the companies to additional scrutiny and licensing requirements related to exports, re-exports and transfers on items subject to the EAR.