U.S. Department of the Treasury Burma Sanctions Update

OFAC has posted on its Web site Amended General License Number 14 , under its Burmese Sanctions Regulations, 31 C.F.R. part 537. This general license extends the authorization period of Amended General License No. 14, which was issued on May 9, 2008, by an additional period of 120 days. Amended General License No. 14-A is set to expire on January 4, 2009. Aside from this change in expiration date, the terms of the general license remain unchanged.

OFFICE OF FOREIGN ASSETS CONTROL
Burmese Sanctions Regulations, 31 C.F.R. Part 537

UPDATE: On May 9, 2008, the Office of Foreign Assets Control (OFAC) issued Amended General License No. 14, effective for a period of 120 days (until Sept. 6, 2008). OFAC now is amending this Amended General License to extend its authorization for an additional period of 120 days (until Jan. 4, 2009) and is reissuing it as Amended General License No. 14-A.

Amended General License No. 14-A
Certain financial transactions in support of humanitarian or religious activities in Burma authorized.

Effective May 9, 2008, the exportation and reexportation of financial services to Burma not otherwise authorized by 31 C.F.R. § 537.518 and in support of not-for-profit humanitarian or religious activities in Burma are authorized for a period of 240 days [until Jan. 4, 2009], provided that:

(a) The exportation or reexportation is not, directly or indirectly, to the Government of Burma; and

(b) The exportation or reexportation is not to or for the benefit of any person whose property and interests in property are blocked pursuant to 31 C.F.R. § 537.201(a), Executive Order 13448 of October 18, 2007 (72 FR 60223, October 23, 2007), or Executive Order 13464 of April 30, 2008 (73 FR 24491, May 2, 2008).

Note to Amended General License No. 14-A: Please note that all other transactions otherwise prohibited by 31 C.F.R. §§ 537.201 and 537.202 that are ordinarily incident to an exportation to Burma of goods, technology or services, other than financial services, are authorized pursuant to 31 C.F.R. § 537.518, subject to certain conditions.