Financial sanctions, Myanmar

The Office of Financial Sanctions Implementation of the HM Treasury (OFSI) has published a new Financial Sanctions Notice regarding sanctions measures with respect to persons and entities involved in or supportive of serious human rights violations and / or the suppression of society and political opponents in Myanmar pursuant to Statutory Instrument SI 2021/496, the „Myanmar (Sanctions) Regulations 2021“. Specifically, the OFSI informs that it has updated its sanction list by amending the records of one entity on its sanctions list which remains subject to asset freezing measures. The following company is affected and the updates are as follows:
SS TECHNIQUES COMPANY LIMITED SYNPEX SHWE COMPANY LTD a.k.a: SYNPEX SHWE COMPANY LTD Address: NAT YAY KAN(1)STREET, NO.1259 (35)QUARTER, NORTH DAGON TOWNSHIP, YANGON REGION, Myanmar.Other Information: (UK Sanctions List Ref):MYA0048. (UK Statement of Reasons): The Myanmar Armed Forces have a track record of committing serious human right violations and violations of international humanitarian law in Myanmar for decades. SS Techniques Company Limited Synpex Shwe Company Ltd has been responsible for the brokering of deals for the supply of parts and upkeep of aircraft for the Myanmar Armed Forces since the coup in February 2021. Therefore, SS Techniques Company Limited Synpex Shwe Co Ltd has been and is involved in the supply of restricted goods to Myanmar. (Phone number): 9444208886 (Email address): ayenyeinswe@synpexs.com (Type of entity):Private Company (Business Reg No): (1) 107428143 (2) 1661/2015- 2016(YGN) Listed on: 16/06/2022 UK Sanctions List Date Designated: 16/06/2022 Last Updated: 16/06/2022 10/05/2023 Group ID: 15402.
The new consolidated Myanmar sanctions list may be accessed via this link.