U.S. Lifts Sanctions on Wife of Myanmar Tycoon

[Jonathan Fairfield]

U.S. Lifts Sanctions on Wife of Myanmar Tycoon

By SAMUEL RUBENFELD

The U.S. Treasury Department removed sanctions on the wife of a Myanmar businessman, a deceased former Myanmar premier and on three men who were indicted in international court for atrocities they allegedly committed in the former Yugoslavia.

Treasury’s Office of Foreign Assets Control said Thursday, in a notice posted on its website, that it removed sanctions on Thidar Zaw, who was named with her husband Tay Za in the annex of a 2007 executive order imposing sanctions on cronies of the former Myanmar junta.

Tay Za is one of Myanmar’s wealthiest businessmen; the U.S. has called him a “henchman” for the former military government.

“Circumstances have changed and she no longer meets the criteria under which she was listed” for sanctions, a Treasury spokeswoman told Risk & Compliance Journal, declining to comment further.

Read more: http://blogs.wsj.com/riskandcompliance/2015/07/09/u-s-lifts-sanctions-on-wife-of-myanmar-tycoon-tay-za/

[spidermike007]

Circumstances have changed. That means pressure has been brought to bear, and as usual Obama has caved in. The entire government of Burma should still be under sanctions. Lifting them was a total sellout on the part of the US govt. Than Shwe and his generals continue to exert their power, influence, and continue to steal billions of dollars monthly. A travesty at best.