UK Adds Myanmar Gems Enterprise to Sanctions List

The United Kingdom's Office of Financial Sanctions Implementation added Myanmar Gems Enterprise to its sanctions list, a May 17 financial sanctions notice said. The sanctions are related to Myanmar's February military coup and subsequent crackdown on protesters. OFSI believes that MGE is controlled by Myanmar's State Administration Council, which oversees the governance of ministries and actively undermines democracy in the Southeast Asian nation, the listing said.