Business
Current Highlights: For the specific language of General Licenses No. 16, No. 17 and No. 18 which allow for investment and export or re-export of financial services to Burma by U.S. persons and the importation of products of Burma into the United States, please visit the Treasury Department’s Office of Foreign Assets Control (OFAC) at:
http://www.treasury.gov/resource-center/sanctions/programs/pages/burma.aspx
U.S. persons are still prohibited from dealing with blocked persons, including both listed Specially Designated Nationals (SDNs) as well as any entities 50 percent or more owned by an SDN. The Treasury Department’s Office of Foreign Assets Control (OFAC) publishes a list of SDNs.
For a sanctions overview that includes information on the reporting requirements by U.S. persons who wish to invest in Burma, please visit:
http://www.humanrights.gov/2012/07/11/burmaresponsibleinvestment/
The full text of Executive Order 13619 of July 11, 2012 which will allow the U.S. Government to sanction individuals or entities that threaten the peace, security or stability of Burma, obstruct the political reform process, commit human rights abuses, or trade with North Korea:
Individual or entities engaging in such activities would be subject to Treasury action that would cut them off from the U.S. financial system.