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
-Burma General License No. 4, Authorizing the Wind Down of Transactions Involving
Myanmar Economic Corporation limited and Myanma Economic Holdings Public
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