15 kids and spouses of Myanmar military officials sanctioned by U.S.
03 Jul 2021, 17:02 GMT+10
WASHINGTON, DC - The U.S. on Friday sanctioned 22 people in Myanmar, including fifteen children and spouses of military officials deemed to be corrupt.
Wanbao Mining, Ltd., and King Royal Technologies have also been targeted by the U.S. Department of Commerce for providing financial support to the military in Myanmar (also known as Burma). Wanbao has additionally been implicated in labor rights violations and human rights abuses, including at the Letpadaung copper mine. In response to the brutal campaign of violence perpetrated by the Burmese military regime and to continue imposing costs in connection with the military coup, the U.S. Department of the Treasury s Office of Assets Control is designating today 22 individuals connected to the regime, pursuant to Executive Order 14014 Blocking Property With Respect to the Situation in Burma. These include three additional State Administr
United States pours more pressure on Myanmar military junta
By Jay Jackson, Pittsburgh Star
03 Jul 2021, 17:02 GMT+10
The U.S. on Friday sanctioned 22 people in Myanmar, including fifteen children and spouses.
Wanbao Mining, Ltd., and King Royal Technologies have also been targeted. In response to the brutal campaign of violence perpetrated by the Burmese military regime and to continue imposing costs in connection with the military coup..
WASHINGTON, DC - The U.S. on Friday sanctioned 22 people in Myanmar, including fifteen children and spouses of military officials deemed to be corrupt.
Wanbao Mining, Ltd., and King Royal Technologies have also been targeted by the U.S. Department of Commerce for providing financial support to the military in Myanmar (also known as Burma). Wanbao has additionally been implicated in labor rights violations and human rights abuses, including at the Letpadaung copper mine.
The Office of the Chief Accountant of the SEC's Division of Investment Management periodically issues "Dear Chief Financial Officer" letters to help registered investment companies.
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As virtual assets explode in value, use, and popularity,
governments around the world are taking notice, increasing
sanctions-related scrutiny of companies that provide related
services and focusing regulatory and enforcement oversight on these
emerging systems. In recent years, the U.S. government has taken
targeted enforcement action against virtual asset service providers
(VASPs) that either engage in illicit activity or fail to put into
place compliance programs that effectively mitigate money
laundering and sanctions evasion risks. As new players in the
virtual asset space continue to develop new products and services,
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Recently, the U.S. Treasury Department s Office of Foreign
Assets Control ( OFAC ) sanctioned various individuals
and entities connected to Russia s technology sector and also
expanded sanctions against dealings in Russian sovereign
debt. In addition to these immediate actions, President Biden
also issued a new Executive Order which will significantly expand
OFAC s authority to impose future sanctions against Russia.
Background
The White House published a Fact Sheet which explains the recent sanctions
actions were a response to Russian election interference and
cyber-attacks directed at the United States. A month prior to