Tag Archives: financial services

OFAC Authorizes the Exportation of Financial Services to and New Investment in Myanmar

By: Reid Whitten and Cheryl Palmeri On July 11, 2012, the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC) issued two general licenses lifting long-standing sanctions against Myanmar.  The licenses were issued in response to historic reforms that have taken place in the country over the past year, the details of which we reported in this blog in February and May of this year.… Continue Reading