• Deanna Clark-Esposito

OFAC Updates Week 3/22/21



March 22, 2021

The Office of Foreign Assets Control (OFAC) has updated its Specially Designated Nationals and Blocked Persons (SDN) List with Global Magnitsky [GLOMAG] and Burma-related designations. The GLOMAG designations consisted of individuals from both Burma and China while the Burma-related designations were placed on government officials and military entities.


March 25, 2021

OFAC has updated its SDN List with a variety of designations related to events in Burma. In addition to the designation updates OFAC has issued the following general licenses:


-Burma General License No. 1, Official Business of the United States Government

-Burma General License No. 2, Official Activities of Certain International Organizations

and other International Entities

-Burma General License No. 3, Certain Transactions in Support of Nongovernmental

Organizations Activities.

-Burma General License No. 4, Authorizing the Wind Down of Transactions Involving

Myanmar Economic Corporation limited and Myanma Economic Holdings Public

Company Limited.


Lastly, OFAC has issued two related Frequently Asked Questions (FAQs), FAQ 882 and FAQ 883.


Have questions related to anything you've read above? Feel free to connect with us using the Contact form at the bottom of the Home page or send us an email at contact@clarkespositolaw.com.


0 comments

Recent Posts

See All

©2021 by the Clark-Esposito Law Firm.

Per the NY State Attorney Ethics Rules we are providing the following statement:  ATTORNEY ADVERTISING.

DISCLAIMER: The content of this website has been prepared by the Clark-Esposito Law Firm, P.C. for informational purposes only and should not be construed as legal advice. The material posted on this website is not intended to create, and receipt of it does not constitute, a lawyer-client relationship, and readers should not act upon it without seeking professional legal counsel. The Clark-Esposito Law Firm, P.C., did not produce and is not responsible for the content of off-site legal resources. The materials on this site may constitute advertising under various state ethics rules.