With the rise of OFAC Sanctions enforcement and compliance issues, companies have to devote significant resources to following changes in OFAC Sanctions.
Over the last few years, the US government has significantly altered the sanctions landscape with the Iran Nuclear Treaty, and major changes in its relationship with Cuba and Myanmar (Burma). Since the major changes have been announced or implemented, there have been continuing tweaks and changes to the separate sanctions programs. Here is a summary of some of the more significant changes in recent months.
Iran Sanctions: On June 8, 2016, OFAC updated its list of Frequently Asked Questions (FAQs) to provide additional guidance on foreign entities that are owned or controlled by US persons and the modification of financial and banking sanctions. (Courtesy of lexology.com)
July 8, 2016
KNU creating jobs for Kayin refugee women
“Job opportunities were created in five administrative units after the ceasefire agreement was signed,” he said on July 3, referring to an October 2015 peace pact inked with the government and several ethnic armed groups. “Women suffered very much during the clashes. Now, they can support themselves without having to rely on support from others during the restoration period.”
The new jobs – so far more than 1000 households have benefited, the KNU says – are mainly in the agriculture and livestock-rearing sectors.
Activist Ma Sinthiyar Win from Hpa-an township said the initiative may help women recover from trauma due to the fighting. (Courtesy of mmtimes.com)
The new jobs – so far more than 1000 households have benefited, the KNU says – are mainly in the agriculture and livestock-rearing sectors.
Activist Ma Sinthiyar Win from Hpa-an township said the initiative may help women recover from trauma due to the fighting. (Courtesy of mmtimes.com)
Border disputes causes closure of Myanmar-Lao friendship bridge
The newly built Myanmar-Lao Friendship Bridge remains closed as authorities on both sides struggle to agree on the issue of border demarcation.
Once opened, the bridge will boost commerce between the two nations and will also allow direct trade with Thailand, Vietnam and China, the Myanmar Times reported on Thursday. (Courtesy of indianexpress.com)
Once opened, the bridge will boost commerce between the two nations and will also allow direct trade with Thailand, Vietnam and China, the Myanmar Times reported on Thursday. (Courtesy of indianexpress.com)
Human rights: albinos in Malawi, activists in Bahrain and Rohingya in Myanmar
Parliament condemns recent crimes and widespread discrimination against albinos in Malawi, ongoing restrictions of fundamental democratic rights in Bahrain and practices that discriminate against Myanmar’s Muslim minority, in particular the Rohingya, in three resolutions voted on Thursday.
Crimes against people with albinism in Africa, notably in Malawi
MEPs express deep concern at the continuous and widespread discrimination and persecution faced by persons with albinism in Africa. In Malawi, where an estimated 10,000 people have albinism, the police have reported 69 attacks on them since November 2014, including 18 murders, four of which took place as recently as April 2016. One victim was a two-year-old baby. (Courtesy of europarl.europa.eu)
Crimes against people with albinism in Africa, notably in Malawi
MEPs express deep concern at the continuous and widespread discrimination and persecution faced by persons with albinism in Africa. In Malawi, where an estimated 10,000 people have albinism, the police have reported 69 attacks on them since November 2014, including 18 murders, four of which took place as recently as April 2016. One victim was a two-year-old baby. (Courtesy of europarl.europa.eu)
Myanmar´s state jade sale rakes in 530 million Euros
Myanmar´s annual jade and gems sale netted more than 530 million euros ($587 million), an official tally showed Thursday, as Chinese buyers continue to drive a shadowy industry linked with rebel conflicts and notorious for perilous working conditions.
Lusted after by wealthy Chinese, Myanmar´s jade mines were in the hands of the military and their ´crony´ elites during the junta years and are still believed to raise tens of billions of dollars in undeclared sales. (Courtesy of thenews.com.pk)
Lusted after by wealthy Chinese, Myanmar´s jade mines were in the hands of the military and their ´crony´ elites during the junta years and are still believed to raise tens of billions of dollars in undeclared sales. (Courtesy of thenews.com.pk)
EU Parliament slams Myanmar's anti-Rohingya practices
The European Parliament condemned Myanmar on Thursday for practices that discriminate against its minority Muslim community in western Rakhine State, home to around a million stateless Rohingya.
In a statement, the EU body expressed “deep concern about the plight of Rohingya in south-east Asia.”
The parliamentarians urged authorities through a non-legislative resolution to “ensure free and unimpeded access to Rakhine State, where some 120,000 Rohingya remain in more than 80 internal displacement camps, for humanitarian actors, the United Nations, international human rights organizations, journalists and other international observers.” (Courtesy of aa.com.tr)
In a statement, the EU body expressed “deep concern about the plight of Rohingya in south-east Asia.”
The parliamentarians urged authorities through a non-legislative resolution to “ensure free and unimpeded access to Rakhine State, where some 120,000 Rohingya remain in more than 80 internal displacement camps, for humanitarian actors, the United Nations, international human rights organizations, journalists and other international observers.” (Courtesy of aa.com.tr)
US Ambassador Meets ANP and Muslim Community in Sittwe
United States Ambassador Scot Marciel made his first trip to Arakan State on Wednesday. Talks were held in the state capital Sittwe with the Arakan National Party (ANP) and with stateless residents of a segregated Muslim ward, Aung Mingalar.
Tun Aung Kyaw, secretary of the ANP—which represents the interests of the Buddhist majority in Arakan State—told The Irrawaddy that they received the ambassador at their head office in Sittwe.
Scot Marciel, who started his post as US Ambassador to Burma in April, reportedly asked ANP leaders about their relationship with the ruling National League for Democracy (NLD) and the ANP’s plans for developing Arakan State. (Courtesy of irrawaddy.com)
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