The removal of sanctions will not do Myanmar’s fledgling democracy any favors. The US Treasury placed Myanmar state-owned timber and pearl businesses on its sanctions … Compliance with the State Department’s Responsible Investment Reporting Requirements is no longer required by OFAC’s regulations and is now voluntary. The US Treasury Department’s Office of Foreign Assets… h�b```f`` To continue to allow U.S. financial institutions to provide correspondent services to Burmese banks subject to the appropriate due diligence requirements, FinCEN has issued an administrative exception. Secure .gov websites use HTTPS. [3] The JADE Act, PL 110-286 (50 U.S.C. § 1701 note), prohibits United States imports of jadeite and rubies from Burma. WASHINGTON (Reuters) - President Barack Obama formally announced the lifting of U.S. sanctions on Myanmar on Friday by terminating an emergency order that deemed the … Steve Gilmore 02 Mar 2016. YANGON, Myanmar (AP) — The toll of protesters confirmed killed in Myanmar since last month’s military takeover has reached 320, a group that verifies details of … ;Lp� Myanmar (English pronunciation below; Burmese: မြန်မာ) or Burma (Burmese: ဗမာ), officially the Republic of the Union of Myanmar, is a country in Southeast Asia. The designations were made pursuant to Executive Order (EO) 14014 (Blocking Property With Respect to the Situation in Burma), which was issued by President Biden on February 20. According to Myanmar state reports, on 9 October 2016, armed individuals attacked several border police posts in Rakhine State and left nine police personnel dead. 215 0 obj <> endobj On March 22, OFAC announced the designation of two Myanmar officials and two military units as Specially Designated Nationals and Blocked Persons (SDNs) for their involvement in the recent crackdown on protestors in that country. On October 7, 2016, President Obama issued an executive order terminating the Myanmar (also known as Burma) sanctions program and revoking the executive orders imposing sanctions … This is projected to boost disposable incomes, and with them, national retail spend. By Philip Heijmans Contributor Jan. 31, 2019, at 7:00 a.m. On October 7, 2016, the Obama Administration announced the lifting of almost all remaining sanctions against Myanmar. The United States Ends Sanctions on Burma (Myanmar) By: Andrea Fraser-Reid. [1] https://www.treasury.gov/resource-center/sanctions/Programs/Documents/burma_eo_termination.pdf. endstream endobj 216 0 obj <> endobj 217 0 obj <> endobj 218 0 obj <>stream On May 18, 2016, the U.S. government took further steps to ease its sanctions against Burma (Myanmar), although stopping short of totally lifting the sanctions. On 7 th October 2016 – President Obama signed the Executive Order to terminate the remaining economic and financial sanctions against Myanmar that make it very difficult for US banks, financial institutions and companies to do business with Myanmar. (See our prior blog post on EO 14014 here.) It removes the national emergency with respect to Myanmar – the executive order authorising sanctions that has been renewed annually by US presidents for two decades. Jacqui can be reached at jmerrill@volkovlaw.com. h޼W]S�8����;;�>,;3f H[ mhi���8J�ֱS�����HrB(�l��>(��+�ܣ�{$!c0! State Counsellor Daw Aung San Suu Kyi and US President Barack Obama hold a joint press conference on September 14 at the White House in Washington DC to announce the end of sanctions on Myanmar.EPA. Newsletter. _____ of October 7, 2016,“Termination of Emergency With Respect to the Actions and Policies of the Government of Burma,” terminated the national emergency, revoked E.O.s 13047, 13310, 13448, 13464, 13619, and 13651, and waived financial and blocking sanctions in the Tom Lantos Block Burmese JADE (Junta’s Anti-Democratic Efforts) Act of 2008. [5]  Using an exception provides some relief to the restrictions while maintaining full rescission as an incentive for Burma’s ongoing anti-money laundering efforts. In December 2016, U.S. President Barack Obama lifted sanctions against Myanmar, saying it had made strides in improving human rights. Jacqui Merrill, an associate at The Volkov Law Group, rejoins us for a posting on the Myanmar Sanctions. November 11, 2016 By: Anna Sayre, Legal Content Writer, SanctionsAlert.com. President Joe Biden condemned the coup and issued an executive order on Feb. 11 that paved the way for new After gradually easing sanctions on Burma since 2012 through the use of general licenses, the United States has formally lifted the economic and financial sanctions on Burma administered by the Office of Foreign Assets Control (“OFAC”). The United Nations human rights investigator, meanwhile, has called for coordinated international sanctions on Myanmar’s state oil and gas company … 0 E��8Z�F�D�%���S. The United States imposed sanctions on Myanmar in 2003 and revoked them only in 2016, and Washington has recently also begun imposing some targeted sanctions following the … Myanmar’s economy is expected to expand by 7.8% in FY 2016/17, increasing to an average of 8.2% per annum over the medium term, according to the World Bank. [2] The president also waived financial and blocking sanctions in the Tom Lantos Block Burmese JADE (Junta’s Anti-Democratic Efforts) Act of 2008. On October 7, 2016, President Obama signed an executive order terminating the sanctions against Myanmar (Burma) administered by the US Treasury Department’s Office of Foreign Assets Control (OFAC). After gradually easing sanctions on Burma since 2012 through the use of general licenses, the United States has formally lifted the economic and financial sanctions on Burma administered by the Office of Foreign Assets Control (“OFAC”). The attack took place mainly in Maungdaw Township. The prohibition generally extends to jadeite and rubies from Burma regardless of where the jadeite and rubies were processed and/or country of export. Scholarship programs are sponsored by the United States Department of State’s Bureau of Education and Cultural Affairs and include programs such as Fulbright, Humphrey, UGrad, SEALYP, and SUSI, among many others. Myanmar's ambassador to the United Nations told the US Congress on Tuesday that Washington should target the state-run Myanmar oil and gas company and a state-owned bank with sanctions. The property and interest in property of SD… The situation in Xinjiang, China, is the latest to be added to this list. h�bbd``b`�$B��`� $xj�c1�~ �� Note, however, that this action applies only to BSR designations. On 21 January, Myanmar’s Independent Commission of Enquiry (ICOE), a domestic body charged with investigating atrocities against the Rohingya in Rakhine State during 2016 and 2017, released an executive summary of its findings in which it claimed that there was “no evidence of gang rape committed by Myanmar’s security forces”. The United Nations human rights investigator, meanwhile, has called for coordinated international sanctions on Myanmar’s state oil and gas company … Share sensitive information only on official, secure websites. %%EOF Sanctions Squeeze Myanmar's Economy A slowdown tied to the country’s treatment of its Rohingya minority may open the door for China. The U.S. Treasury Department, Office of Foreign Assets Control ("OFAC") lifted sanctions against several banks and state-owned businesses. After winning Myanmar’s first competitive national election in more than twenty-five years and taking office in March 2016, the National League for Democracy party (unofficially headed by State Counsellor Aung San Suu Kyi) has continually failed to address the status of the Rohingya people, who were not allowed to vote in the election. 252 0 obj <>stream The 2003 Financial Crimes Enforcement Network (“FinCEN”) finding that Burma was a “jurisdiction of primary money laundering concern” under Section 311 of the USA PATRIOT Act remains intact. Executive Order (E.O.) OFAC general licenses issued in 2012 and 2013 authorized certain correspondent account activity with Burmese banks and loosened FinCEN’s restrictions on U.S. financial institutions from maintaining correspondent accounts for Burmese banks. U.S. companies can operate in Myanmar while still observing the sanctions requirements. [5] https://www.fincen.gov/news/news-releases/fincen-issues-exception-prohibition-imposed-section-311-action-against-burma, ©2021 All rights reserved. The termination removed a range of economic and financial sanctions, including the designations of individuals and entities listed on the Office of Foreign Assets List pursuant to U.S. sanctions on Burma. endstream endobj startxref %PDF-1.5 %���� Myanmar's media have seen a gradual easing of strict state controls since 2011. The removal of the Burmese sanctions has the effect of terminating the general licenses. Myanmar is bordered by Bangladesh and India to its northwest, China to its northeast, Laos and Thailand to its east and southeast, and the Andaman Sea and the Bay of Bengal to its south and southwest. The Myanmar Times 10 Oct 2016. As a result of President Obama’s actions: As explained in the FAQ, the termination of the Burmese sanctions does not terminate pending Burma sanctions enforcement actions, nor does it preclude future OFAC enforcement investigations or actions related to apparent violations of the BSR when in effect. A newly formed insurgent group, Harakah al-Yaqin, claimed responsibility a week later. The Asia Europe People’s Forum (AEPF) expresses solidarity with the people of Myanmar who are bravely resisting the military coup that reversed the fragile democratic process that was unfolding in Myanmar. Interests. R���Y �'��"�@�H,Hp� �w�����L�i �)"�3�~0 ��N Obama to Lift Myanmar Sanctions, ... September 14, 2016, 6:55 PM. This formally concluded US economic sanctions against Myanmar nearly 20 years after their inception. The U.S. government took steps on October 7, 2016 to remove most of its remaining sanctions on Myanmar (also known as Burma). US unlikely to lift sanctions in 2016. All property and interests in property blocked pursuant to the BSR are unblocked. The UK has adopted The Myanmar (Sanctions) Regulations 2021 which came into force on 1 January 2021. [4] The accompanying Fact Sheet may be found at https://www.treasury.gov/resource-center/sanctions/Programs/Documents/burma_fact_sheet_20161007.pdf, and the new FAQ at https://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_other.aspx#burma. US terminated remaining sanctions against Myanmar on 7 Oct 2016 October 8, 2016 by thiha On 7th October 2016 – President Obama signed the Executive Order to terminate the remaining economic and financial sanctions against Myanmar that make it very difficult for US banks, financial institutions and companies to do business with Myanmar. US terminated remaining sanctions against Myanmar on 7 Oct 2016. Restore Democracy in Myanmar: Stop the Brutal Repression of the People! [2] In addition to terminating the national emergency declared in Executive Order 13047, Executive Order 13742 revokes the following measures:  Executive order 13310 of July 28, 2003; Executive Order 13448 of October 18, 2007; Executive Order 13464 of April 30, 2008; Executive Order 13619 of July 11, 2012; and Executive Order 13651 of August 6, 2013. Weapons and ammunition were also looted. Torres Law, PLLC |, The United States Ends Sanctions on Burma (Myanmar), 1201 Main St., Suite 1350, Dallas, TX 75202, 1050 Connecticut Avenue NW, Suite 500, Washington, DC 20036 (By Appointment), https://www.treasury.gov/resource-center/sanctions/Programs/Documents/burma_eo_termination.pdf, https://www.treasury.gov/resource-center/sanctions/Programs/Documents/burma_fact_sheet_20161007.pdf, https://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_other.aspx#burma, https://www.fincen.gov/news/news-releases/fincen-issues-exception-prohibition-imposed-section-311-action-against-burma. On October 7, 2016, U.S. President Barack Obama issued an executive order lifting U.S. sanctions against Myanmar (also known as Burma) imposed under earlier executive orders and setting aside other statutory blocking and financial sanctions against the country. ... (1994), Iraq (1995), Darfur (2004), and areas under the control of ISIL (2016 and 2017). This removed most remaining sanctions parties (SDNs), lifted the U.S. import ban on rubies and jadeites, made public investment reports voluntary and took new steps to allow the Myanmar banking industry to connect to the U.S. financial system. Persons also designated under any of the other sanctions regimes remain blocked. In this file photo taken on Sept 14, 2016, a cargo truck transports logs in Yangon. On October 7, 2016, U.S. President Barack Obama issued an executive order lifting U.S. sanctions against Myanmar (also known as Burma) imposed under earlier executive orders and setting aside other statutory blocking and financial sanctions against the country. In 2016, the United States terminated the national emergency with respect to Burma, which had been in place since 1997. President Barack Obama has formally eased long-standing sanctions on Myanmar. The US Administration announced on May 17th, 2016 several sanctions changes that it said are intended to demonstrate support for continued political reform and broad-based economic growth in Myanmar, while maintaining sanctions pressure where needed, and providing further clarity to the private sector for engagement in Myanmar. EU sanctions on Burma/Myanmar were first imposed in 1990, and reaffirmed in Common Position 96/635/CFSP of October 1996. The termination of the Burma sanctions program is meant to support trade and economic growth in Myanmar, and to enable US officially terminates sanctions order. Former President Barack Obama started easing sanctions on Myanmar in 2011 after the military began loosening its grip, and in 2016 lifted many remaining restrictions. The ban on the importation into the United States of Burmese-origin jadeite and rubies, and any jewelry containing them, has been revoked; All OFAC-administered restrictions under the Burma sanctions program regarding banking or financial transactions with Burma are no longer in effect; OFAC will remove the BSR, 31 CFR Part 537, from the Code of Federal Regulations; and. As a result of the president’s actions, all individuals and entities blocked pursuant to the Burmese Sanctions Regulations (“BSR”) have been removed from OFAC’s Specially Designated Nationals and Blocked Persons (“SDN”) List. Heading into 2016, Myanmar was on pace to truly become the democratic Cinderella story of our time. Indeed, U.S. sanctions against Myanmar were only formally removed in 2016, after the Myanmar military allowed certain democratic reforms, culminating in the election of … Join thousands already receiving our daily newsletter. This sanctions regime is aimed at encouraging the Myanmar security forces to comply with international human rights law and to respect human rights. a`e``_� Ā B,@Q��I0(�H�xiq�ԃ�[�ٓ��&h��;�8��0z�_�l�S��;ʫV����w1=�P�8a]�f��E��:R��3|qV���Һ��U�b�u���=�T�c�ٗh/�ki�&[�����ꅋ�8߾�ݳ/x�^``��`06�h`6���`R��`� ��t0�et400 �`��4� �#���REGP4��O A+O5�b9�H2� �r�iBm�FL��o���1>g�θ���3's$�f��[wL����`�����VC� h��3�H�iF ��I>�@� �gk October 10, 2016. On October 7, 2016, President Obama issued an executive order terminating the Myanmar (also known as Burma) sanctions program and revoking the executive orders imposing sanctions against the Southeast Asian country. Despite boasting a new democratically elected government that enjoys enormous popular support, Myanmar looks unlikely to shed the US sanctions that have restricted the country for decades, according to experts familiar with the sanctions program. This comprehensive unwinding of sanctions concludes a gradual relief process that first began in 2012. Again, property and interests in property blocked pursuant to a sanction regime in addition to the BSR remain blocked. The U.S. banned imports of jade and other precious stones from 2008-2016, following a previous crackdown on pro-democracy protests. [3]  A fact sheet and FAQ were released.[4]. A lock ( ) or https:// means you’ve safely connected to the .gov website. President Obama issued Executive Order 13742 of October 7, 2016[1] terminating the national emergency declared in Executive Order 13047 of May 20, 1997, revoking that order as well as a number of Executive Orders that established the scope of the sanctions on Burma. But media freedom has not been a priority for the democratically elected government that took office in 2016… Mr Obama issued the executive order weeks after meeting Myanmar's de facto leader, Aung San Suu Kyi. On September 14, 2016, President Obama announced his intention to terminate US sanctions targeting Myanmar, also known as Burma (“Myanmar”), completing the process of relaxing US sanctions against Myanmar that began in July 2012. Canada, the European Union, and the United Kingdom have also imposed sanctions on Myanmar's military officials. American sanctions on Myanmar are authorised under what is known as the National Emergencies Act. The historic September 2016 visit of Daw Aung San Suu Kyi to Washington to meet President Barak Obama and other government and business leaders may pave the way to further easing of … The unwinding of sanctions comes on the heels of Aung San Suu Kyi’s visit to the White House on September 14, 2016. 237 0 obj <>/Filter/FlateDecode/ID[<03A68C26611F42F063335D081D02609C><43583EC213E7694C88D97604855C9822>]/Index[215 38]/Info 214 0 R/Length 101/Prev 796839/Root 216 0 R/Size 253/Type/XRef/W[1 2 1]>>stream Date: 11/09/2016. International Relations • May 6, 2021 • Asia Europe People’s Forum. The United States removed most general trade and investment sanctions on Myanmar in 2012 as a reward for the country’s initial steps toward democratization, and trade between the two nations climbed from $10 million to $185 million in the subsequent three years.But in June 2015, that nearly ground to a halt after Citigroup flagged a shipment transiting the main port at Yangon.
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