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ARTICLE · 17 OCTOBER 2016

U.S. Government Terminates Sanctions Against Burma, Issues FAQs Regarding Iran Sanctions

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On October 7, 2016, President Barack Obama revoked the Executive Orders that formed the basis of the sanctions against Burma and waives certain other statutory blocking and financial sanctions on Burma.

GlobalInternational Law
Jones Day
Jones Day
Laura Fraedrich
Laura Fraedrich
Michael Gurdak
Michael Gurdak
Fahad Habib
Fahad Habib
D. Grayson Yeargin
D. Grayson Yeargin
Chad Dorr
Chad Dorr
Chase Kaniecki
Chase Kaniecki
Lindsey Nelson
Lindsey Nelson
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On October 7, 2016, the U.S. government, consistent with previously stated intentions, lifted the economic and financial sanctions against Burma (Myanmar). Separately, the Department of the Treasury's Office of Foreign Assets Control ("OFAC") amended its Frequently Asked Questions Relating to the Lifting of Certain U.S. Sanctions Under the Joint Comprehensive Plan of Action ("JCPOA") on Implementation Day ("JCPOA FAQs") relating to the Iranian Transactions and Sanctions Regulations.

Termination of the Burma Sanctions

On October 7, 2016, President Barack Obama issued an Executive Order that revokes the Executive Orders that formed the basis of the sanctions against Burma and waives certain other statutory blocking and financial sanctions on Burma. As a result, the OFAC-administered sanctions against Burma are no longer in effect, and the Burmese Sanctions Regulations, 31 C.F.R Part 537, will be removed from the Code of Federal Regulations. In addition, OFAC removed

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