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Bangladesh freezes accounts of 2 US-sanctioned Myanmar state banks

Bangladesh freezes accounts of 2 US-sanctioned Myanmar state banks

Bangladesh freezes accounts of 2 US-sanctioned Myanmar state banks
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US wants Sonali Bank to close accounts in two Myanmar banks

The United States has requested that Sonali Bank, a state-owned bank in Bangladesh, close its accounts in two banks in Myanmar that are currently under sanctions from the US government. In June, the US imposed sanctions on the Myanmar Foreign Trade Bank and the Myanmar Investment and Commercial Bank – both state-owned. Later, the US Embassy in Dhaka wrote a letter to

£170,000 of Sonali Bank in Myanmar banks frozen after US sanctions

The US has asked Bangladesh to halt transactions with Myanmar Foreign Trade Bank and Myanmar Investment and Commercial Bank

Sonali Bank freezes accounts of 2 Myanmar banks

Sonali Bank has frozen accounts of two banks of Myanmar following sanctions imposed by the US, and further steps will be taken based on Bangladesh Bank’s opinions. 

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