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HomeUncategorizedUS Treasury freezes assets of Burmese officials

US Treasury freezes assets of Burmese officials

Oct 22, 2007 (DVB), The US Treasury Department has designated a further eleven senior Burmese government officials, according to a statement by the Office of Foreign Assets Control.

A designation by the Treasury means that any assets the officials have within US jurisdiction will be frozen and US citizens are prohibited from conducting business with them.

These measures are part of the tightened sanctions announced on 19 October by US President George W. Bush in a televised speech from the White House.

"The President has made clear that Burmese officials will be held to account for the violent oppression of their people," said Adam Szubin, Director of OFAC.

"Today’s action targets eleven senior Burmese officials, and we will continue to designate and expose those responsible," he added.

The designations were made under Executive Order 13310, which aims to target the assets of senior officials of the Burmese government, the ruling State Peace and Development Council and the Union Solidarity and Development Association, and their representatives.

The Treasury's latest action follows the designation of 14 senior Burmese officials on 27 September.

Reporting by DVB

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