IV. ARMS, MILITARY EQUIPMENT, AND RELATED ACTIVITYThe 2018 APG Myanmar (Burma) Mutual Evaluation found that arms trafficking and the illegal arms trade were major issues in Burma, indicating the involvement of military-affiliated militias, ethnic armed organizations, transnational organized crime groups, and corrupt officials. This has only worsened with the military […]
III. REAL ESTATE AND CONSTRUCTION PROJECTS BENEFITING THE MILITARYBurma lacks both the necessary government regulation and oversight, and the strong banking and financial sector to adequately monitor for money laundering risks in the real estate, development, and construction sectors. Historically, the military has seized land, forced evictions, and displaced peoples […]
II. GEMS AND PRECIOUS METALSGems and precious metals generate billions of dollars of exports in Burma’s economy and accounted for nearly half of the country’s GDP in 2015, the last year for which credible data is available. However, because of the lack of regulation, transparency, and accountability, the sector is […]
I. STATE-OWNED ENTERPRISES BENEFITING THE MILITARYA 2018 report by the Organization for Economic Co-operation and Development (OECD) found that corruption is disproportionately higher in the oil and gas, mining, postal, energy, and transportation and logistics sectors worldwide due to the heavy involvement of state and military entities as well as […]
SUMMARYOn February 1, 2021, Burma’s military (also known as the Tatmadaw)2 overthrew the country’s democratically elected civilian government, reestablishing full military rule in Burma (Myanmar). The military has unjustly arrested leaders of the democratically elected government, cut off utilities and travel, and committed serious human rights abuses and other abuses […]
Publication of Business Advisory on Heightened Risks Associated with doing Business in Burma Release date01/26/2022Body Today, the U.S. Departments of the Treasury, State, Commerce, Homeland Security, Labor, and the Office of the U.S. Trade Representative have issued a business advisory titled: Risks and Considerations for Businesses and Individuals with Exposure […]
Note: there is also an Annex of “Relevant Reports and Guidance”. However, I am unable to copy it effectively here because of how it is formatted. Please see the Advisory here – the Annex is on pages 12-13. IV. Due Diligence, Relevant Federal Authorities, and Additional Matters a. Financial Institutions’ […]
III. Trafficking in Persons, Wildlife, and Narcotics a. Human Trafficking and Child Exploitation U.S. businesses are advised to consider the threat of human trafficking and child exploitation, particularly when investing in the tourism industry. While the Cambodian government has taken some steps to combat human trafficking, such as continuing to […]
I. Corruption is endemic The deteriorating human rights situation in Cambodia, combined with increased and widespread corruption in the financial, real estate, casinos, and infrastructure development sectors, pose significant challenges in Cambodia for investors. In its Global Competitiveness Report 2019, the World Economic Forum ranked Cambodia 134 out of 141 […]
Business Advisory and GSP Assessment for Cambodia PRESS STATEMENT NED PRICE, DEPARTMENT SPOKESPERSON NOVEMBER 10, 2021Share The United States has a long history of commitment to combatting corruption and supporting the rule of law in Cambodia and globally. Recent developments in Cambodia, including systemic corruption, transnational organized crime, and human […]
Mr. Watchlist 