Burma General License Number 4 - Authorizing the Wind Down of Transactions Involving Myanmar Economic Corporation Limited and Myanma Economic Holdings Public Company Limited (March 25, 2021)

Date issued: Mar. 25 2021

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TURBOFAC Commentary (159 words)

Notes:

*6-1-2021 Update: This GL is valid as of 6-1-2021, notwithstanding that it was not implemented in the new Burma Sanctions Regulations.

1) This is a standard wind-down general license, authorizing the processing of underlying transactions that may not involve U.S. persons (see e.g., FAQ 807), but not including authorizations for the "maintenance" of activities. See corresponding designation notice at https://home.treasury.gov/news/press-releases/jy0078. Read in conjunction with Burma General License Number 4.

2) Refer to the Research System for documents dealing with the scope of the types of transactions that qualify for "wind down" GLs such as this. See in particular Examples of Transactions Deemed to be, and not to be, Within the Scope of the Standard "Wind-down" and "Maintenance" GLs.

3) Read in conjunction with