Treasury Sanctions Regime Officials and Military Affiliated Cronies in Burma on One-Year Anniversary
WASHINGTON – Today, on the one-year anniversary of the brutal military coup d’etat of Burma’s democratically elected government, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating seven individuals and two entities connected to Burma’s military regime pursuant to Executive Order (E.O) 14014. These designations are part of a joint action with the United Kingdom and Canada, who are each designating two Burmese government officials.
On February 1, 2021, the Burmese military regime launched a coup d’état against the democratically elected government and civilian government leaders. The military sought to suppress the will of the people of Burma as conveyed in November 2020 general elections and undermined the country’s democratic transition and rule of law. Over the past year, Burma’s military regime has attempted to consolidate power by spreading fear among Burma’s pro-democracy movement and the population at large; killing vast numbers of innocent people, including children; and targeting political opposition leaders and peaceful demonstrators. Further, the regime’s control over resources and complete lack of transparency contribute to significant corruption in the country.
“One year after the coup, the United States, along with allies in the United Kingdom and Canada, stands with the people of Burma as they seek freedom and democracy,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. “We will continue to target those responsible for the coup and ongoing violence, enablers of the regime’s brutal repression, and their financial supporters.”