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ARTICLE · 03 FEBRUARY 2022

U.S. Regulators Publish Myanmar Sanctions Advisory

On January 26, 2022, the U.S. government issued an advisory discussing certain risks and considerations for businesses and individuals with exposure to entities responsible for "undermining democratic processes

United StatesInternational Law

On January 26, 2022, the U.S. government issued an advisory discussing certain risks and considerations for businesses and individuals with exposure to entities responsible for "undermining democratic processes, facilitating corruption, and committing human rights abuses" in Myanmar (the "Advisory"). According to a press release, the Department of the Treasury's Office of Foreign Assets Control ("OFAC") explained that it "joined the Departments of State, Commerce, Homeland Security, Labor, and the Office of the U.S. Trade Representative in issuing a business advisory to inform the public of the heightened risks associated with doing business in Myanmar, particularly business involving the military regime."

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