• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
UK, US, and Canada Announce New Sanctions Targeting Myanmar Arms Dealers and Financiers

UK, US, and Canada Announce New Sanctions Targeting Myanmar Arms Dealers and Financiers

10/31/2023
EU and UK Agreement Set to Boost Trade and Ease Tariff Burdens Across the Supply Chain

EU and UK Agreement Set to Boost Trade and Ease Tariff Burdens Across the Supply Chain

06/05/2025
UK Rail Freight Expansion Strengthens Supply Chain Resilience and Lowers Tariff-Linked Costs

UK Rail Freight Expansion Strengthens Supply Chain Resilience and Lowers Tariff-Linked Costs

06/05/2025
London’s EV Congestion Charge Review Signals Policy Shift with Trade and Tariff Implications

London’s EV Congestion Charge Review Signals Policy Shift with Trade and Tariff Implications

06/05/2025
Global Air Cargo Alliance Led by Carriers from Qatar, UK, and Malaysia to Boost Trade Connectivity and Tariff Efficiency

Global Air Cargo Alliance Led by Carriers from Qatar, UK, and Malaysia to Boost Trade Connectivity and Tariff Efficiency

06/05/2025
Germany’s Hamburg Port Expands Shore Power to Cut Emissions and Prepare for Future Tariffs

Germany’s Hamburg Port Expands Shore Power to Cut Emissions and Prepare for Future Tariffs

06/05/2025
UK Temporarily Exempted from U.S. Metal Tariff Increase

UK Temporarily Exempted from U.S. Metal Tariff Increase

06/04/2025
Trump Pushes Tariff Hikes Amid Legal Obstacles

Trump Pushes Tariff Hikes Amid Legal Obstacles

06/04/2025
U.S. trade deal efforts challenged by tight deadlines and tariff issues.

U.S. trade deal efforts challenged by tight deadlines and tariff issues.

06/04/2025
OECD Cuts U.S. Growth Forecast Over Rising Trade Costs

OECD Cuts U.S. Growth Forecast Over Rising Trade Costs

06/04/2025
U.S. Steel and Aluminium Tariffs Raised to 50%

U.S. Steel and Aluminium Tariffs Raised to 50%

06/04/2025
Tariff Hikes on Steel and Aluminum to Raise Consumer Prices

Tariff Hikes on Steel and Aluminum to Raise Consumer Prices

06/03/2025
U.S. Tariffs Add Pressure to China and EU Trade Talks

U.S. Tariffs Add Pressure to China and EU Trade Talks

06/03/2025
supplychainreport
Sunday, June 8, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

UK, US, and Canada Announce New Sanctions Targeting Myanmar Arms Dealers and Financiers

by Richie
10/31/2023
in Compliance, Sanctions

In a joint effort, the United Kingdom, the United States, and Canada have introduced a fresh round of sanctions aimed at arms dealers and financiers linked to the Myanmar military, who have been implicated in the repression of the civilian population in Myanmar. These sanctions target individuals and entities involved in either providing financial services to the regime or supplying restricted goods, including aircraft parts.

Today’s sanctions are part of ongoing international endeavors to restrict the sale and transfer of arms and finances in response to the escalating aerial attacks, including those against civilians, by the Myanmar military. In 2022 alone, over 600 reported airstrikes were attributed to the Myanmar military.

YOU MAY ALSO LIKE

Liberia’s Lonestar Cell MTN Mobile Money Fined for AML/CFT Compliance Failures

AI in Risk Management: Current Applications, Future Potential, and Limitations

Since the military coup in February 2021, the Myanmar military has been responsible for the deaths of at least 3,857 individuals, with over 1.2 million forced to flee their homes due to violence, according to the United Nations Human Rights Office.

This announcement follows a report by UN Special Rapporteur Tom Andrews, which called for coordinated sanctions to prevent arms dealers from bypassing restrictions.

Minister for the Indo-Pacific, Anne-Marie Trevelyan, stated, “The UK unequivocally condemns the regime’s brutal campaign against the Myanmar people. Together with our international partners, we are closing the net on Myanmar arms dealers and the Myanmar military’s financiers with new sanctions that will aim to limit their access to key resources and revenue to prevent further such attacks. The UK will continue to call for accountability, justice, and an end to the violence. We remain steadfast in our support for the Myanmar people and their aspirations for a peaceful and democratic future.”

The military regime in Myanmar overthrew the democratically elected government on February 1, 2021, and has since used violence and atrocities to maintain power and suppress opposition voices.

The coordinated actions by the UK, US, and Canada seek to hold the military regime accountable for its brutal suppression of opposition voices, with a focus on limiting regime access to key resources while minimizing the impact on the civilian population.

Since the coup, the UK has designated 25 individuals and 29 entities under the Myanmar Sanctions Regime and has also targeted the military’s key conglomerates and their 111 subsidiaries under the Global Human Rights Sanctions Regime. The UK continues to lead international efforts aimed at undermining the regime’s credibility and restricting its access to revenue and arms.

Background: Individuals and entities sanctioned today include:

  1. Myo Thitsar, associated with Dynasty International, involved in supplying restricted goods to Myanmar.
  2. Htoo Htet Tay Za, a director of Htoo Group of Companies, involved in the supply of restricted goods and making available funds to the Myanmar security forces.
  3. Pye Phyo Tay Za, associated with Myanmar Avia Services, Yangon Aircraft Engineering Company Limited, and Htoo Group of Companies, involved in supplying restricted goods and providing funds to the Myanmar security forces.
  4. Kyaw Min Oo, director of Sky Aviator Company Limited, involved in supplying restricted goods to Myanmar.
  5. Sit Taing Aung, associated with Yatanarpon Aviation Services and Mottama Holdings, involved in supplying restricted goods to Myanmar.
  6. International Group of Entrepreneur Services Company Limited (IGE), providing funds or other economic resources to the Myanmar security forces.

Asset Freeze: An asset freeze prevents any UK citizen or business from dealing with funds or economic resources owned, held, or controlled by the designated person. It also prohibits the provision of funds or economic resources to or for the benefit of the designated person.

Travel Ban: A travel ban means that designated persons are denied entry or permission to remain in the United Kingdom under section 8B of the Immigration Act 1971 if they are considered excluded persons. UK financial sanctions apply to all individuals within the UK’s territory and territorial sea, as well as to all UK persons worldwide.

Your source for supply chain report news updates: The Supply Chain Report. For international trade insights and tools, head to ADAMftd.com.

#UKUSCanadaSanctions #MyanmarMilitary #HumanRights #InternationalSanctions #AerialAttacks #MyanmarCoup #FinancialSanctions #ArmsDealers #MyanmarCrisis #SanctionsTarget #MyanmarMilitaryRegime #JusticeForMyanmar #HumanRightsViolations #UNReport #AssetFreeze #TravelBan #MilitarySuppliers #EndMyanmarViolence #SanctionsCoordination #MyanmarSanctions #HtooGroup #MyanmarAviaServices #YatanarponAviation #MottamaHoldings #SkyAviator #IGEServices #AccountabilityInMyanmar

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.