Case No. BU-2012-294603-1

Date issued: Oct. 02 2012

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TURBOFAC Commentary (395 words)

Notes:

1) The general license to the now-repealed Burmese Sanctions Regulations (31 CFR part 537) is reproduced below:

General License No. 16

Authorizing the Exportation or Reexportation of Financial Services to Burma

(a) The exportation or reexportation of financial services to Burma, directly or indirectly, from the United States or by a U.S. person, wherever located, is authorized, subject to the limitations set forth in paragraphs (c), (d), and (e) of this general license.

(b) For the purposes of this general license, the term exportation or reexportation of financial services to Burma is defined in 31 CFR 537.305.

(c) This general license does not authorize, in connection with the provision of security services, the exportation or reexportation of financial services, directly or indirectly, to the Burmese Ministry of Defense, including the Office of Procurement; any state or...