Myanmar

Asia
Myanmar

January 29, 2024

On January 26, 2024, the Office of the U.S. Trade Representative (USTR) released a Supplemental Business Advisory highlighting continued risks and exposure of doing business in Burma. In January 2022, the U.S. Departments of State, the Treasury, Commerce, Homeland Security, Labor…

China Justice Observer

China and Myanmar Joint Crackdown: 2,317 Telecom Fraud Suspects Handed Over to China

By Publisher

December 6, 2023

On 10 Oct. 2023, China’s Ministry of Public Security (MPS) held a press conference to report on China’s crackdown on international telecom and online fraud, noting a significant decrease in such cases.
According to the MPS officials, in response to…

SmarTrade

OFAC Prohibits Financial Services with MOGE and Imposes Additional Sanctions on Persons and Entities Connected to Burma’s Military

By Thompson Hine International Trade

November 2, 2023

On October 31, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a new directive prohibiting U.S. persons from providing certain financial services to Myanma Oil and Gas Enterprise (MOGE) and designated certain entities and individuals…

SmarTrade

OFAC Sanctions Individuals and Entities for Connections to Burma’s Military, Publishes Burma Jet Fuel Sanctions Alert

By Scott E. Diamond**, Samir D. Varma & Francesca M.S. Guerrero

March 27, 2023

On March 24, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated and sanctioned six entities and two individuals connected to Burma’s military “that have enabled the military regime’s continuing atrocities.” The entities have been designated…

Shufti Pro Blog

Myanmar Promises Improvements after FATF’s Blacklisting

By Richard Marley

October 25, 2022

Myanmar’s central bank has made promises of reforms and issued a warning against currency manipulation after a global watchdog placed the military-controlled country on a blacklist for terrorism and financial fraud.
The Financial Action Task Force (FATF) suggested that Myanmar

…

Global Trade Law Blog

Myanmar Sanctions – A Last Resort Against a Non-Cooperating Country

By Reid Whitten & Alexandra Bustamante*

October 21, 2022

Today, the Financial Action Task Force (FATF) officially moved Myanmar onto the agency’s blacklist, where it joins Iran and North Korea, the only other two listed countries. It is likely that the United States and other countries will take the…

Immigration Blog

DHS Announces 18-Month Extension for Burma TPS

By Forrest G. Read IV

October 3, 2022

The Department of Homeland Security (DHS) has extended Temporary Protected Status (TPS) for Burma for an additional 18 months from November 26, 2022, through May 25, 2024, due to the extraordinary and temporary conditions in Burma that prevent individuals from…

Religion Clause

International Court Of Justice Says Genocide Case Against Myanmar May Move Ahead

By Howard Friedman

July 26, 2022

In The Gambia v. Myanmar, (Intl. Ct. Justice, July 22, 2022), the United Nations International court of Justice rejected various procedural defenses raised by Myanmar to the suit against it alleging genocide against the Rohingya. Among other things, it…

China Law Blog

Myanamar Isolation Grows, But for China

By Dan Harris

May 16, 2022

In 2012, I went to Myanmar with Robert Walsh on behalf of a couple of mutual clients. We were there to scope out the country for those clients, all of whom were looking to do business in Myanamar. Myanmar had…

SmarTrade

New Multiagency Business Advisory on Heightened Risk of Doing Business in Burma

By Thompson Hine International Trade

February 14, 2022

Key Notes:

Several federal agencies recently released a business advisory emphasizing the heightened risk of doing business in Burma.
Four key areas of risk were identified: (1) state-owned enterprises (SOEs); (2) gems and precious metals; (3) real estate and construction

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