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The Guide to Corporate Compliance - Third Edition

The Guide to Corporate Compliance - Third Edition
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An Idea With Currency: The American Quest For A New Crypto Accord

U S targets Myanmar s gemstone industry to cut funds from junta

U.S. targets Myanmar s gemstone industry to cut funds from junta By (0) The United States government on Thursday imposed further sanctions targeting the finances of Myanmar s military. Photo by Xiao Long/UPI | License Photo April 8 (UPI) The United States on Thursday imposed additional punitive sanctions targeting the Myanmar junta over its usurpation of the government and its bloody crackdown on those who protest its coup. The Treasury said in a statement it was sanctioning state-owned Myanma Gems Enterprise, which is responsible for all gemstone activities in the country. Advertisement Gemstones are a key economic resource for the military regime, it said.

US slaps additional sanctions on Myanmar over coup

US slaps additional sanctions on Myanmar over coup Tal Axelrod © Getty Images Demonstrators protest coup in Myanmar The Biden administration slapped additional sanctions on Myanmar on Thursday over the military junta s February coup. The Treasury Department said in a statement that its Office of Foreign Assets Control is instituting penalties on Myanma Gems Enterprise (MGE), a government-owned firm that oversees all gemstone activities in the country, a lucrative industry that helps fund the military regime. Today s action highlights Treasury s commitment to denying the Burmese military sources of funding, including from key state-owned enterprises throughout Burma, said Andrea Gacki, director of the Office of the Foreign Assets Control, using another name for the country. The United States will continue to work tirelessly, including with partners throughout the region and the world, to support the restoration of democracy and rule of law in Burma and to

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