Burma-related Determination Pursuant to Section 1(a)(i) of EO 14014

Date issued: Aug. 23 2023

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TURBOFAC Commentary (153 words)

Notes:

1) Read in conjunction with FAQ # 1132 and FAQ # 1133, issued on the same day as this determination, and https://home.treasury.gov/news/press-releases/jy1701, which is the designation notice issued concurrently with this determination. Refer generally to General Note on "Sectoral Sanctions" and Determinations Made Pursuant to EOs Providing for the Blocking of Persons Determined to "Operate In" a Certain Sector. This is a designation authority that, assuming OFAC does not radically change its practice as it relates to discretionary designations, will be used to target transactions that U.S. persons would be prohibited from engaging in without a specific license. FAQ # 1133 indicates that that OFAC intends on using the designation criteria in this fashion with its emphasis on “activities for or related to military regime end users in Burma,” which are largely blocked. On diligence expectations, refer to...