Hide Message

Updating the Resource Centre Digital Platform

The Business & Human Rights Resource Centre is at a critical point in its development. Our digital platform is home to a wealth of information on business and human rights, but hasn’t had a visual refresh for a number of years.

We will soon be updating the site to improve its usability and better serve the thousands of people that use our site to support their work.

Please take an advance peek at our new look, and let us know what you think!

Thank you,
Alex Guy, Digital Officer

Find Out More Hide Message

You are being redirected to the story the piece of content is found in so you can read it in context. Please click the following link if you are not automatically redirected within a couple seconds:
en/us-govt-renews-sanctions-on-myanmar-including-ban-on-arms-gems-trade-some-restrictions-loosened#c137114

US extends sanctions, further targets Asia World

Author: Guy Dinmore, Steve Gilmore, and Ei Ei Toe Lwin (Myanmar Times), Published on: 17 May 2016

The United States…announced it had extended sanctions against companies and individuals in Myanmar, adopting new measures targeted against Steven Law’s Asia World while removing some state-owned entities from its list.

The US Treasury’s Office of Foreign Assets Control (OFAC) removed seven state-owned enterprises and three state-owned banks from the “Specially designated nationals and blocked persons list” (SDN)…

OFAC responded to business pressure by adding a general license “authorizing transactions related to US individuals residing in Burma, extended and expanded an existing general license authorizing trade-related transactions, and updated an existing general license authorizing certain banking services.”

The seven delisted state-owned companies were named as: Myanmar Timber Enterprise; Myanmar Pearl Enterprise; Myanmar Gem Enterprise; No. 1 Mining Enterprise; No. 2 Mining Enterprise; No. 3 Mining Enterprise; and Co-Operative Export-Import Enterprise.

Three state-owned banks were also taken off the sanctions list: Myanma Economic Bank; Myanmar Foreign Trade Bank; and Myanma Investment and Commercial Bank….

Six companies identified as owned 50 percent or more by Asia World or Steven Law were named as Asia Mega Link Co, Asia Mega Link Services Co, Pioneer Aerodrome Services Co, Green Asia Services Co, Global World Insurance Co, and Shwe Nar Wah Co…

US sanctions include a ban on arms sales and US imports of rubies and jade

Read the full post here