Client Alert: Burma Sanctions Reach the Military-Industrial Complex
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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