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UK Adds Myanmar Gems Enterprise to Sanctions List

The United Kingdom's Office of Financial Sanctions Implementation added Myanmar Gems Enterprise to its sanctions list, a May 17 financial sanctions notice said. The sanctions are related to Myanmar's February military coup and subsequent crackdown on protesters. OFSI believes that…

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MGE is controlled by Myanmar's State Administration Council, which oversees the governance of ministries and actively undermines democracy in the Southeast Asian nation, the listing said.