Nex Systems
Organization

Myanmar Economic Corporation

Sanctioned entity

Myanmar. Named in 12 sanctions listings.

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Summary

Military Holding Company

Names of Director(s)/Management: Lt Gen (retired) Nyo Saw (Former QMG – retired in 2020); Maj Gen Moe Myint Htun (Army COS); Rear Admiral Moe Aung (Navy COS); Lt Gen Htun Aung (Air Force COS); Brig Gen Aung Kyaw Hoe (Defence Perm Sec); Aung Lin Tun (Htun); Maj Gen Aung Zay Ya; Khin Maung Soe; Maj Gen Maung Maung Myint; Brig Gen Thaik Soe; Thant Swe; Thant Zin; Maj Gen Thaw Lwin; Thein Toe; Maj Gen Zaw Lwin Oo; Zin Min Htet; Aung Min; Htun Htun Oo; Myo Thant; Win Lwin. Ultimate beneficial owner(s): Myanmar senior military leadership, units and battalions. The Director Disqualification Sanction was imposed on 09/04/2025.

Lieu principal d’activité: Myanmar/Birmanie; La Myanmar Economic Corporation (MEC) est un conglomérat détenu et contrôlé par les forces armées du Myanmar (Tatmadaw), disposant de filiales et d’entreprises liées dans divers secteurs de l’économie, notamment la banque, les assurances, la construction, le commerce, les transports, l’exploitation minière, l’extraction de gemmes, l’industrie manufacturière et le tourisme. MEC et ses filiales génèrent des recettes en faveur de la Tatmadaw, contribuant ainsi à sa capacité à mener des activités portant atteinte à la démocratie et à l’état de droit et à commettre de graves violations des droits de l’homme au Myanmar/en Birmanie. Le conseil d’administration de MEC est exclusivement composé d’officiers de haut rang (d’active ou à la retraite) de la Tatmadaw. MEC et ses filiales ont fait don de biens à l’armée en 2017 lors de cérémonies de collecte de fonds organisées par la Tatmadaw. Par conséquent, MEC a soutenu financièrement la Tatmadaw et a ainsi contribué à sa capacité à mener des “opérations de nettoyage” et à commettre de graves violations des droits de l’homme à l’encontre des Rohingyas en 2017.

numéro d'enregistrement - société à responsabilité limitée par actions enregistrée à Yangon, Myanmar/Birmanie, fondée en 1997 sous la forme d'un entreprise d'État, enregistrée en tant qu'entreprise privée le 9 janvier 2019: 105444192

Place of registration: Yangon, Myanmar/Burma

Type of entity: Company limited by shares

(UE) 2026/926 du 27/04/2026 (UE Myanmar (ex Birmanie) - R (UE) 401/2013) (FondementJuridique: 4140)

Date of registration: Founded in 1997 as a State owned company, registered as a private company on 9 January 2019

Type d’entité: Société à responsabilité limitée par actions Lieu d’enregistrement: Yangon: MYANMAR/BIRMANIE Date d’enregistrement: fondée en 1997 sous la forme d’un entreprise d’État, enregistrée en tant qu’entreprise privée le 09/01/2019 Numéro d’enregistrement: 105444192 Lieu principal d’activité: MYANMAR/BIRMANIE Numéro de téléphone: 01-8221369 Courriel: mecadm.hq@gmail.com

(also MYANMAR ECONOMIC CORPORATION LIMITED)

(also MYANMAR ECONOMIC CORPORATION)

Place of business: Myanmar/Burma

Email address: mecadm.hq@gmail.com

(UE) 2021/638 du 19/04/2021 (UE Myanmar (ex Birmanie) - R (UE) 401/2013) (FondementJuridique: 1069)

(Date of UN designation: 2021-04-19)

Type of entity: Company limited by shares

Myanmar Economic Corporation (MEC) is a conglomerate owned and controlled by the Myanmar Armed Forces (Tatmadaw), having subsidiaries and affiliated companies in diverse sectors of the economy, including banking, insurance, construction, trade, transportation, mining, gem extraction, manufacturing and tourism. MEC and its subsidiaries generate revenue for the Tatmadaw, therefore contributing to its capabilities to carry out activities undermining democracy and the rule of law and to serious human rights violations in Myanmar/Burma. MEC’s board of directors is exclusively composed of senior officers (active or retired) of the Tatmadaw. MEC and its subsidiaries donated assets to the military in 2017 during the Tatmadaw’s fundraising ceremonies. Therefore, MEC financially supported the Tatmadaw and thus contributed to its capability to carry out the “clearance operations” and serious human rights violations in 2017 against the Rohingya population.

Phone number: 01-8221369

Registration number: 105444192

Registration Number 105444192

Type of entity: Company limited by shares

Identification published: number=105444192; identificationTypeDescription=Registration Number; countryDescription=MYANMAR; region=Yangon; remark=Place of registration:Yangon, Myanmar Date of registration: Founded in 1997 as a State owned company, registered as a private company on 9 January 2019

105444192 (regnumber-Registration Number) (in Yangon)(Place of registration:Yangon, Myanmar Date of registration: Founded in 1997 as a State owned company, registered as a private company on 9 January 2019)

Sanctions and listings12

  • Listed
    30 Mar 2021
    Effective
    25 Mar 2021

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • Myanmar Sanctions Regime - Autonomous (Myanmar)

    Department of Foreign Affairs and TradeAustralian Sanctions Consolidated ListAustralia

    Targeted financial sanction

    Autonomous Sanctions (Designated and Declared Persons—Myanmar) Amendment Instrument 2023

    Programme AU-MYANMARLast updated 1 Feb 2023dfat.gov.audfat.gov.au

  • Listed
    25 Mar 2021

    Burma-Related Sanctions - BURMA-EO14014

    Office of Foreign Assets ControlUS OFAC Specially Designated Nationals (SDN) ListUnited States

    Block and BURMA-EO14014

    Executive Order 14014

    Programme US-BURMAReference 31516treasury.govofac.treasury.gov

  • Effective
    8 Mar 2021

    BIS Entity List (EL) - Entity List (EL) - Bureau of Industry and Security

    Entity List (EL) - Bureau of Industry and Security; Department of the Commerce - International Trade AdministrationUS Trade Consolidated Screening List (CSL)United States

    Presumption of denial.

    For all items subject to the EAR. (See §744.11 of the EAR)

    Programme US-BIS-ELReference 86 FR 35391Reference 86 FR 13180bis.govtrade.govbis.doc.gov

  • Effective
    1 Apr 2021

    UK sanctions relating to global human rights - The Global Human Rights Sanctions Regulations 2020

    UK; Foreign, Commonwealth & Development OfficeUK FCDO Sanctions ListUnited Kingdom

    Asset freeze and director disqualification sanction

    Myanmar Economic Corporation (MEC) is a major Myanmar conglomerate, which in practice is owned and governed by, and for the benefit of, the Myanmar Ministry of Defence (MoD). The Tatmadaw who are responsible for serious human rights violations against the population of Myanmar, including the 2021 coup d'etat and violence against ethnic minorities, is under the command of the MoD. Also several former and serving member of the Tatmadaw are directors of MEC. There are therefore reasonable grounds to suspect that MEC is associated with the Tatmadaw. Further or alternatively, there are reasonable grounds to suspect that MEC made funds available to the Tatmadaw by directly contributing to a fundraising event aimed at providing financial support for the Tatmadaw during the 2017 ‘clearance operations’ against the Rohingya. These 'clearance operations' resulted in serious human rights violations, including mass unlawful killing, torture, systematic rape and targeted sexual violence.

    Myanmar Economic Corporation (MEC) is a major Myanmar conglomerate, which in practice is owned and governed by, and for the benefit of, the Myanmar Ministry of Defence (MoD). The Tatmadaw who are responsible for serious human rights violations against the population of Myanmar, including the 2021 coup d'etat and violence against ethnic minorities, is under the command of the MoD. Also several former and serving member of the Tatmadaw are directors of MEC. There are therefore reasonable grounds to suspect that MEC is associated with the Tatmadaw. Further or alternatively, there are reasonable grounds to suspect that MEC made funds available to the Tatmadaw by directly contributing to a fundraising event aimed at providing financial support for the Tatmadaw during the 2017 ‘clearance operations’ against the Rohingya. These “clearance operations” resulted in serious human rights violations, including mass unlawful killing, torture, systematic rape and targeted sexual violence.

    Programme GB-HRReference GHR0081Reference 14081Last updated 9 Apr 2025gov.ukgov.uk

  • Listed
    29 Mar 2021
    Effective
    25 Mar 2021

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • Listed
    19 Apr 2021

    EU Restrictive Measures In View Of The Situation In Myanmar And Burma - MMR

    Directorate‑General for Financial Stability, Financial Services and Capital Markets UnionEU Financial Sanctions Files (FSF)European Union

    regulationType=amendment; organisationType=council

    Designation date published: 2021-04-19

    2021/638 (OJ L132I)

    Programme EU-MMRReference EU.6313.7eur-lex.europa.eusanctionsmap.eu

  • Official designation

    La Principauté de MonacoMonaco National Fund Freezing ListMonaco

    (UE) 2021/638 du 19/04/2021 and (ue) 2026/926 du 27/04/2026

    Autorité de désignation publiée : Union européenne

    La Myanmar Economic Corporation (MEC) est un conglomérat détenu et contrôlé par les forces armées du Myanmar (Tatmadaw), disposant de filiales et d’entreprises liées dans divers secteurs de l’économie, notamment la banque, les assurances, la construction, le commerce, les transports, l’exploitation minière, l’extraction de gemmes, l’industrie manufacturière et le tourisme. MEC et ses filiales génèrent des recettes en faveur de la Tatmadaw, contribuant ainsi à sa capacité à mener des activités portant atteinte à la démocratie et à l’état de droit et à commettre de graves violations des droits de l’homme au Myanmar/en Birmanie. Le conseil d’administration de MEC est exclusivement composé d’officiers de haut rang (d’active ou à la retraite) de la Tatmadaw. MEC et ses filiales ont fait don de biens à l’armée en 2017 lors de cérémonies de collecte de fonds organisées par la Tatmadaw. Par conséquent, MEC a soutenu financièrement la Tatmadaw et a ainsi contribué à sa capacité à mener des “opérations de nettoyage” et à commettre de graves violations des droits de l’homme à l’encontre des Rohingyas en 2017.

    geldefonds.gouv.mc

  • EU Restrictive Measures In View Of The Situation In Myanmar And Burma - (UE) 2026/926 du 27/04/2026 (UE Myanmar (ex Birmanie) - R (UE) 401/2013); (UE) 2021/638 du 19/04/2021 (UE Myanmar (ex Birmanie) - R (UE) 401/2013)

    Direction Générale du TrésorFrench National Asset Freezing SystemFrance

    Lieu principal d’activité: Myanmar/Birmanie; La Myanmar Economic Corporation (MEC) est un conglomérat détenu et contrôlé par les forces armées du Myanmar (Tatmadaw), disposant de filiales et d’entreprises liées dans divers secteurs de l’économie, notamment la banque, les assurances, la construction, le commerce, les transports, l’exploitation minière, l’extraction de gemmes, l’industrie manufacturière et le tourisme. MEC et ses filiales génèrent des recettes en faveur de la Tatmadaw, contribuant ainsi à sa capacité à mener des activités portant atteinte à la démocratie et à l’état de droit et à commettre de graves violations des droits de l’homme au Myanmar/en Birmanie. Le conseil d’administration de MEC est exclusivement composé d’officiers de haut rang (d’active ou à la retraite) de la Tatmadaw. MEC et ses filiales ont fait don de biens à l’armée en 2017 lors de cérémonies de collecte de fonds organisées par la Tatmadaw. Par conséquent, MEC a soutenu financièrement la Tatmadaw et a ainsi contribué à sa capacité à mener des “opérations de nettoyage” et à commettre de graves violations des droits de l’homme à l’encontre des Rohingyas en 2017.

    Programme EU-MMRgels-avoirs.dgtresor.gouv.frsanctionsmap.eu

  • Listed
    30 Apr 2021; 2 Jun 2026

    Measures Against Myanmar - Ordinance of 17 October 2018 on measures against Myanmar (SR 946.231.157.5), annex 1

    State Secretariat for Economic AffairsSwiss SECO Sanctions/EmbargoesSwitzerland

    Programme SECO-MYANMARReference 45097seco.admin.chseco.admin.ch

  • Listed
    24 Apr 2012

    Special Economic Measures Act - Myanmar (Burma)

    Global Affairs CanadaCanadian Consolidated Autonomous Sanctions ListCanada

    Part 1

    Programme CA-SEMAReference 20international.gc.cainternational.gc.ca

  • Listed
    19 Apr 2021

    EU Restrictive Measures In View Of The Situation In Myanmar And Burma

    Federal Public Service FinanceBelgian Financial SanctionsBelgium

    2021/638 (OJ L132I)

    Programme EU-MMRfinance.belgium.besanctionsmap.eu

Connections65

Owns65

Identifiers3

IdentifierNumberIssued by
ID number105444192
Registration number105444192
Registration number105444192Myanmar

Other names3

Also known as2

Myanmar Economic Corporation LimitedMyanma Economic Corporation (MEC

Weak aliases1

Spellings the source flags as too generic to establish a match on their own.

MEC

Addresses10

  • Corner of Ahlone road & Kannar road, Ahlone, Yangon, Myanmar

  • Strand Rd., Near Thakhin Mya Park, Ayeyar Waddy Ward, Yangon, Myanmar

  • Corner of Ahlone Road and Strand Road, Ahlone Township, Yangon

  • Croisement de Ahlone road et Kannar road, Ahlone, Yangon: MYANMAR/BIRMANIE

  • Strand Rd. Near Thakhin Mya Park Ayeyar Waddy Ward Ahlone Yangon

  • Corner of Ahlone Road & Kannar Road, Ahlone Township, Rangoon

  • CORNER OF AHLONE ROAD &amp, KANNAR ROAD, AHLONE TOWNSHIP, RANGOON

  • Myanmar/Burma

  • Croisement de Ahlone road et Kannar road, Ahlone, Yangon

  • Yangon, Myanmar/Burma

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