MYANMAR PEARL ENTERPRISE

Prohibition/Restriction

Redacted for Security Reasons

sam.gov

Asset freeze and director disqualification sanction

The Myanmar military seized power from civilian leaders on 1 February in a coup d’état and established a military junta. Since then all state institutions have come under the control of the State Administration Council (SAC), who oversee the governance and expenditure of ministries. The SAC/military junta undermines democracy and, together with the Myanmar Security Forces, is responsible for the repression of the civilian population. Myanmar Pearl Enterprise is a state-owned enterprise which operates under the Ministry of Natural Resources and Environmental Conservation (MONREC) and provides funding directly to the Ministry of Planning and Finance (MOPF). There are reasonable grounds to suspect that MPE, is under the control of, and/or is associated with, the SAC via its subservient relationship with MONREC; Further or alternatively, there are reasonable grounds to suspect that MPE makes available funds or economic resources, to the SAC/military junta that could contribute to undermining democracy and repressing the civilian population. Further or alternatively MPE is also associated with the military through its leadership. The Managing Director was also appointed as a Deputy Minister in MONREC by the SAC on 11 March. MPE also runs and controls pearl emporiums, and is involved in gems emporiums, which are attended by and benefit the military and their companies.

Programme GB-MMRReference 14110Reference MYA0026Last updated 9 Apr 2025gov.ukgov.uk

Part 1

Programme CA-SEMAReference 54international.gc.cainternational.gc.ca

Block and BURMA-EO14014

Executive Order 14014

Programme US-BURMAReference 31692treasury.govofac.treasury.gov