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US sanctions on Myanmar gems target key junta funding source | Taiwan News

2021/04/09 17:42 FILE - In this Nov. 13, 2018, file photo, a merchant examines a jade stone displayed at the Gems Emporium in Naypyitaw, Myanmar. In its latest targete. FILE - In this Nov. 13, 2018, file photo, a merchant examines a jade stone displayed at the Gems Emporium in Naypyitaw, Myanmar. In its latest targeted sanctions against Myanmar s military, the U.S. has focused on an army controlled gems business rife with corruption and abuses that is part of one of the junta s most important sources of revenue. (AP Photo/Aung Shine Oo, File) FILE - In this April 23, 2019, file photo, people stand atop a ridge overlooking the scene of a mudslide at a jade gemstone mining site in Hpakant are.

Aung hlaingUnited statesMong hsuShan stateKrung thep mahanakhonMin aung hlaingYadanar maungJoe bidenTreasury departmentNatural resource governance instituteMyanmar imperial jade coJewellery coExtractive industries transparency initiativeMyanmar oil gas enterpriseGems emporiumMyanmar oil

Fri 8:57 a m : US sanctions on Myanmar gems target key junta funding source | News, Sports, Jobs

Apr 9, 2021 In this 2018, file photo, a merchant examines a jade stone displayed at the Gems Emporium in Naypyitaw, Myanmar. In its latest targeted sanctions against Myanmar s military, the U.S. has focused on an army controlled gems business rife with corruption and abuses that is part of one of the junta s most important sources of revenue. (AP Photo/Aung Shine Oo, File) BANGKOK (AP) The latest U.S. sanctions on Myanmar target an army-controlled gems business rife with corruption and abuses that is one of the junta’s key sources of revenue. It’s unclear if the sanctions will do much to close the taps of income and royalties from gems sales. Some estimates say more than half of such transactions are not declared, even though they are the country’s second biggest export after natural gas and oil.

Aung hlaingUnited statesMong hsuShan stateKrung thep mahanakhonMin aung hlaingYadanar maungJoe bidenTiffany coTreasury departmentNatural resource governance instituteMyanmar imperial jade coJewellery coExtractive industries transparency initiativeMyanmar oil gas enterpriseMyanmar oil

New U S Sanctions Effectively Ban Burmese Gems

Share The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has placed Myanma Gems Enterprise on its Specially Designated National list which means the vast majority of Burmese rubies, jade, and other gems cannot be purchased by U.S. companies. Myanma Gems Enterprise also known as Myanmar Gems Corp. and Myanmar Gems Enterprise is a subdivision of the government’s ministry of mines and is “responsible for all gemstone activities in Burma,” according to a statement from the Treasury Department. It also organizes the local emporiums and sales where rubies and jade are sold, including one currently taking place in the country’s capital, Naypyitaw. (The company did not respond to a request for comment submitted via its Facebook page.)

United statesHong kongSara yoodDoug huckerAmerican gem trade associationOrganisation for economicMyanmar imperial jade coJewellery coTreasury departmentMyanmar economic corpMyanmar gems corpJewelers vigilance committeeMyanma economic holdings public coAssistance association for political prisonersForeign assets controlMyanma gems enterprise

U S sanctions on Myanmar gems target key junta funding source

U S sanctions on Myanmar gems target key junta funding source
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Aung hlaingUnited statesMong hsuShan stateKrung thep mahanakhonEugene hoshikoMin aung hlaingYadanar maungJoe bidenTiffany coTreasury departmentNatural resource governance instituteMyanmar imperial jade coJewellery coExtractive industries transparency initiativeMyanmar oil gas enterprise

US sanctions on Myanmar gems target key junta funding source - New Delhi Times - India s Only International Newspaper

US sanctions on Myanmar gems target key junta funding source - New Delhi Times - India s Only International Newspaper
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Aung hlaingUnited statesMong hsuShan stateMin aung hlaingYadanar maungJoe bidenAp photo creditTreasury departmentNatural resource governance instituteMyanmar imperial jade coJewellery coExtractive industries transparency initiativeMyanmar oil gas enterpriseMyanmar oilGas enterprise