Treasury Sanctions Burma’s Ministry of Defense and Regime-Controlled Financial Institutions

WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Burma’s Ministry of Defense and two regime-controlled financial institutions that facilitate much of the foreign currency exchange within Burma and enable transactions between the military regime and foreign markets, including for the purchase and import of arms and related materiel.

Following the military coup in 2021, Burma’s military regime has employed brutal tactics to consolidate power and repress the people of Burma. The military has increasingly deployed aerial attacks that have destroyed villages, schools, and medical facilities . . .