Blocking Property and Prohibiting Certain Transactions Related to Burma
Headline: Blocks Property and Prohibits Transactions Related to Burma
What it does: Agencies must block property and prohibit transactions involving designated Burmese officials and related persons, and implement rules to enforce those sanctions.
- Freezes assets and blocks transfers of designated Burmese individuals in the United States.
- Prohibits United States persons and companies from doing business with or donating to listed persons.
- Requires U.S. agencies and financial institutions to enforce blocking and reporting rules.
Summary
This order blocks property and bans financial and other transactions related to Burma. It expands a national emergency to target the Burmese government's repression, human rights abuses, and public corruption.
People and groups affected include officials of the Burmese government and its affiliated organizations, anyone responsible for political repression or corruption, and those who support or are owned by such persons, plus their spouses and dependent children. United States persons and institutions must freeze and not transfer blocked assets.
The Treasury Secretary, after consulting the State Department, will list and delist persons and issue regulations to carry out the order.
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