U S Department of Treasury : Treasury Sanctions Key Timber and Pearl Enterprises in Burma 04/21/2021 | 10:36am EDT Send by mail : Message : OFAC Action Impacts Military Regime Sources of Revenue WASHINGTON - Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated two Burmese state-owned enterprises, Myanma Timber Enterprise (MTE) and Myanmar Pearl Enterprise (MPE), which are responsible for timber and pearl exports from Burma. The timber and pearl industries are key economic resources for the Burmese military regime that is violently repressing pro-democracy protests in the country and that is responsible for the ongoing violent and lethal attacks against the people of Burma, including the killing of children. These sanctions are not directed at the people of Burma.