Burma/Myanmar
Measures place restrictions on investment applying to investment in enterprises owned or controlled by persons or entities associated with the military regime, and freezes funds and economic resources of all senior serving members of the Burmese military. Measures also provide for restrictive measures concerning certain imports from, exports to and investments in Burma/Myanmar, targeting its timber industry and certain extractive industries.
The European Union adopted Council Regulation (EU) No 194/2008 which implemented the restrictive measures and was implemented domestically through the Burma/Myanmar (Restrictive Measures) (Guernsey) Ordinance, 2012
All financial institutions and other bodies and persons in Guernsey will need to ensure they do not maintain any accounts or otherwise hold any funds or economic resources for the entities and individuals named in the HM Treasury consolidated lists.
The Policy Council is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg subject line 'Burma/Myanmar Sanctions'.
Relevant links & information
Council Regulation (EU) No 194/2008
Provides for investment bans, freezing of funds of senior members of Burmese military amongst other restrictive measures
External Relations Team (Sanctions)
External Relations Team, Sir Charles Frossard House, La Charroterie, St Peter Port, Guernsey, GY1 1FH, Channel IslandsTel: +44 1481 717020 Fax: +44 1481 717000
Email: sanctions@gov.gg
