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OFAC eases sanctions on Burma in support of humanitarian and non-profit activities

  • Steptoe & Johnson LLP
  • -
  • Myanmar, USA
  • -
  • April 20 2012

On April 17, 2012, the US Department of the Treasury, Office of Foreign Assets Control (OFAC) issued a new General License No. 14-C to the Burmese Sanctions Regulations (BSR) authorizing US persons to export financial services in support of humanitarian, religious, and other not-for-profit activities in Burma

United States eases sanctions on financing for development organizations in Burma

  • Foley Hoag LLP
  • -
  • Myanmar, USA
  • -
  • April 17 2012

On April 17, the U.S. Treasury issued new General License No. 14-C, which relaxes sanctions on financial services with respect to certain humanitarian and not-for-profit activities in Burma