OFAC Issues General License in Support of Non-Profit Activities in Burma04/18/2012
On April 17, 2012 the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC) issued General License No. 14-C authorizing certain financial transactions in support of not-for-profit activities in Burma, also referred to as Myanmar.
The new license replaces General License No. 14-B and is part of the loosening of restrictions against Burma as discussed by Secretary of State Hillary Clinton earlier this month. During a press conference held April 4, 2012 she stated that "The United States is committed to taking steps alongside the Burmese Government and people as they move down the road of reform and development. In light of the by-election and the other progress of recent months, we are consulting actively with the Congress as well as our allies and friends in Europe and Asia on our response to these recent developments."
General License No. 14-C authorizes the exportation and reexportation of financial services to Burma in support of the following not-for-profit activities, with certain restrictions:
(1) Projects to meet basic human needs in Burma
(2) Democracy building and good governance promotion
(3) Educational activities
(4) Sporting activities
(5) Non-commercial development projects directly benefiting the Burmese people
(6) Religious activities
As noted by the OFAC, this general license does not authorize the exportation or reexportation of financial services to or for the benefit of any person whose property and interests in property are currently blocked. Furthermore, restrictions on commercial import and export transactions, and other such sanctions, have not been lifted.
The full text of General License No. 14-C can be accessed online at:
Additional information regarding Burma sanctions is available at:
Secretary of State Hillary Clinton's remarks during the April 4, 2012 press conference can be viewed online at:
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