23 Feb 2021
The United States on Monday imposed sanctions on two members of Myanmar’s military junta and threatened further actions over the country’s Feb. 1 coup.
The Treasury Department’s Office of Foreign Assets Control said the move took aim at General Maung Maung Kyaw, who is the air force commander in chief, and Lieutenant General Moe Myint Tun, a former army chief of staff and commander of one of the military’s special operations bureaus which oversee operations from the capital, Naypyidaw.
“The military must reverse its actions and urgently restore the democratically elected government in Burma, or the Treasury Department will not hesitate to take further action,” the department said in a statement.
U.S. Secretary of State Antony Blinken echoed the threat. “We will not hesitate to take further action against those who perpetrate violence and suppress the will of the people,” Blinken said in a statement.
A general strike against military rule shut businesses in Myanmar on Monday and huge crowds gathered peacefully despite fears of violence after authorities warned that confrontation could be deadly.
By Eric Beech, Simon Lewis and Daphne Psaledakis, Reuters, 22 February 2021
Read more at Reuters
RiskScreen: Tackling Financial Crime with Smart Technology
Count this content towards your CPD minutes, by signing up to our CPD WalletFREE CPD Wallet