Amendments to the Consolidated List 44 individuals and entities have been amended in the Consolidated List of Asset Freeze Targets. This follows an update to the UK Sanctions List. Amendments have been made to entries in the Belarus, Burma, Chemical Weapons, Democratic People’s Republic of Korea, Democratic Republic of the Congo, […]
Estimated reading time: 36 seconds
Today, UK regulators issued two more sets of corrections – 14 listings from the Burma regime (changed by the EU under Council Regulation (EU) No 401/2013), and 20 listings from the Guinea-Bissau regime (changed by the EU under Council Regulation (EU) No 377/2012). Since these are so old, I will […]
Estimated reading time: 36 seconds
Earlier today, Swiss officials updated the following individual Myanmar sanctions designation: SSID: 145-39388 Name: Than Oo Sex: M DOB: 12 Oct 1973 Justification: Brigadier General Than Oo iswas the Commander of the 99th Light Infantry Division of the Myanmar Armed Forces (Tatmadaw).Tatmadaw) until May 2018. In that context, he is […]
Estimated reading time: 57 seconds
Today, UK regulators updated the following Burma sanctions listing: OO, Than Title: Brigadier General DOB: 12/10/1973. Position: Commander of the 99th Light Infantry Division of the Myanmar Armed Forces (Tatmadaw) National Identification no: BC 25723 (military identification) Other Information: Gender: male. Commander of the 99th Light Infantry Division of the […]
Estimated reading time: 38 seconds
The settlement of $1,125,000 is for 36 apparent violations of the Burmese Sanctions Regulations between 2011 and 2014. The value of the transactions was $1,796,400, while the base penalty of $4,500,000 was half of the statutory maximum because, although these violations were egregious, they were voluntarily self-disclosed. Here is some […]
Estimated reading time: 11 minutes
On Tuesday, Swiss authorities amended the following individuals sanctioned under its Myanmar program: SSID: 145-39366 Name: Aung Kyaw Zaw Sex: M DOB: 20 Aug 1961 Identification document: Passport No. DM000826, Myanmar, Date of issue: 22 Nov 2011, Expiry date: 21 Nov 2021 Justification: Lieutenant General Aung Kyaw Zaw was the […]
Estimated reading time: 11 minutes
On Wednesday, UK regulators implemented Council Implemented Regulation (EU) 2019/672 by amending the following individual designations under the Burma sanctions program: 1. SOE Khin Maung Title: Brigadier General DOB: –/–/1972. Position: Commander of the 15th Light Infantry Division of the Myanmar Armed Forces (Tatmadaw) Commander of the Military Operation Command […]
Estimated reading time: 59 seconds
Myanmar/Burma: Council prolongs sanctions On 29 April, the Council prolonged the restrictive measures in place on Myanmar/Burma for one year, until 30 April 2020. The sanctions regime includes an embargo on arms and equipment that can be used for internal repression, an export ban of dual-use goods for use by the military and border […]
Estimated reading time: 2 minutes
Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and UniCredit Group Banks 4/15/2019 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced three separate settlements totaling $611 million with the following UniCredit Group banks: UniCredit Bank AG in Germany, […]
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of the Standard Chartered settlement with OFAC – it’s a roadmap to what real remediation looks like, and the standards for a firm of size and commercial sophistication are: Specifically, OFAC and Respondent understand that the following compliance commitments have been made: a. Management Commitment: i. Respondent commits that Senior […]
Estimated reading time: 8 minutes