Client Alert: Burma Sanctions Reach the Military-Industrial Complex

Executive Summary

• On March 25, 2021, the United States, in a coordinated effort with the UK, announced the most impactful sanctions since the February 1, 2021 coup against Burma’s military regime, extending sanctions to key entities in Burma’s military-industrial complex.
• For companies continuing to conduct business with a nexus to Burma, it is now especially important to screen in-country counterparts against the US, UK, and EU sanctions lists, and conduct due diligence into entity ownership and control.
• Sanctions and export controls targeting Burma will most likely continue to escalate as the US, EU, UK, and international community seek to respond to human rights abuses and encourage a restoration of Burma’s democratically elected government.

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