OFAC Sanctions Myanmar Entities, Deletes Other SDN Entries
The Office of Foreign Assets Control on April 21 sanctioned two Myanmar state-owned entities that are “key economic resources” for the Myanmar military. The designations target Myanmar Timber Enterprise (MTE) and Myanmar Pearl Enterprise (MPE), which are responsible for timber…
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and pearl exports from Myanmar, OFAC said. OFAC also deleted 15 Panama-related entries on its Specially Designated Nationals List. The agency didn’t provide more information on the deletions.