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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
Earlier today, Swiss authorities added the following persons: SSID: 145-39980 Name: Ba Kyaw Justification: Ba Kyaw is a Staff Sergeant in the 564th Light Infantry Battalion (LIB) of the Myanmar Armed Forces (Tatmadaw). He committed atrocities and serious human rights violations, including murder, deportation and torture, against the Rohingya population […]
On Christmas Eve, UK regulators implemented Council Implementing Regulation (EU) No 2018/2053 by adding the following persons: 1. KYAW Ba Title: Staff Sergeant Other Information: Ba Kyaw is a Staff Sergeant in the 564th Light Infantry Battalion (LIB) of the Myanmar Armed Forces (Tatmadaw). Listed on: 24/12/2018 Last Updated: 24/12/2018 […]
Myanmar/Burma: EU adds 7 military and border guard police officials responsible for human rights violations to sanctions list The Council added 7 individuals to the list of those subject to restrictive measures in light of the situation in Myanmar/Burma. These sanctions consist of an asset freeze and a travel ban. […]
Today, Australian regulators issued the following notice: Notice of Changes to the Consolidated List Autonomous Sanctions Regulations 2011 DFAT has updated the Consolidated List to designate and declare additional persons for targeted financial sanctions and travel bans for Myanmar under theAutonomous Sanctions Regulations 2011. A link to the Instrument is includedbelowfor […]
