OFAC Revises, Reissues Myanmar Sanctions Regs
The Office of Foreign Assets Control issued a final rule this week to revise its sanctions regulations for Myanmar, releasing a “more comprehensive set of regulations” with more guidance and definitions. The rule, effective Nov. 13, also includes general licenses…
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and “other regulatory provisions that will provide further guidance to the public,” OFAC said. The new regulations replace the rules that were published in “abbreviated form” in 2021.