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Financial Sanctions Notice Myanmar 2 September 2021

Published byExternal Relations
TypeSanctions
Date published
02 September 2021

Introduction  


1. The Myanmar (Sanctions) Regulations 2021 (the “UK Regulations”) provide for the freezing of funds and economic resources of certain persons, entities or bodies involved in undermining democracy, the rule of law or good governance in Myanmar; the repression of the civilian population in Myanmar; the commission of, or the obstruction of an independent investigation into, a serious human rights violation or abuse in Myanmar; the commission of a violation of international humanitarian law in Myanmar; the obstruction of a humanitarian assistance activity in Myanmar; any other action, policy or activity which threatens the peace, stability or security of Myanmar.
2. The Sanctions and Asset-Freezing (Implementation of External Sanctions) (Jersey) Order 2021 (the “Order”), made under the Sanctions and Asset-Freezing (Jersey) Law 2019 (“SAFL”), links to the UK Regulations. 
3. Any asset-freeze designations made under the UK Regulations are effective immediately by virtue of the ambulatory provisions in Jersey’s sanctions legislation.
4. An asset freeze now applies to the persons listed in the Annex to this Notice under Part 3 of SAFL.

Notice summary (Full details are provided in the Annex to this Notice)  


5. The following designations have been made and are now subject to an asset freeze:

  • Tay ZA
  • HTOO GROUP OF COMPANIES

What you must do   


6. You must:   
  • check whether you maintain any accounts or hold any funds or economic resources for the persons set out in the Annex to this Notice.
  • freeze such accounts, and other funds or economic resources.
  • refrain from dealing with the funds or assets or making them available (directly or indirectly) to such persons unless licensed by the Minister for External Relations and Financial Services (“MERFS”).
  • report any findings to MERFS, together with any additional information that would facilitate compliance with SAFL.
  • provide any information concerning the frozen assets of designated persons that MERFS may request. Information reported to MERFS may be passed on to other regulatory authorities or law enforcement.

7. Failure to comply with sanctions legislation or to seek to circumvent its provisions is a criminal offence. 

Further Information 


8. Further information on sanctions can be found on the Government of Jersey website and the Jersey Financial Services Commission (JFSC) website.

9. Jersey guidance on the Myanmar sanctions regime is available on JFSC website.
10. Copies of Jersey sanctions legislation, including the Order and SAFL, can be found on the Jersey Legal Information Board website.
11. A copy of the UK Regulations can be obtained from legislation.gov.uk and other relevant information about this regime can be found on gov.uk.
12. A copy of the UK sanctions list can be found here.
13. A copy of the OFSI consolidated list can be found here.

Enquiries 


14. Non-media enquiries, suspected breach reports and licence applications should be addressed to:  
Head of International Compliance
Office of the Chief Executive
External Relations

sanctions@gov.je

Annex to Notice

FINANCIAL SANCTIONS: MYANMAR


ADDITIONS

Individual

1. ZA, Tay

Title: U DOB: 18/07/1964. POB: Yangon, Myanmar a.k.a: (1) TAYZA (2) TEZA
Nationality: Myanmar Address: (1) Singapore. (2) Myanmar. Position: Chairman of 
Htoo Group of Companies Other Information: (UK Sanctions List Ref): MYA0028 (UK 
Statement of Reasons): The Tatmadaw has a track record of committing serious human 
rights violations in Myanmar for decades, including the ethnic cleansing of the 
Rohingya in 2017, ongoing attacks on other ethnic groups and the 2021 coup and 
associated repression of the civilian population and serious human rights violations 
including killings, arbitrary detention and torture. U Tay Za has provided support for 
these activities in his role as an arms dealer for the military, responsible for brokering 
deals with Russia for arms. Further or alternatively, he has made funds or economic 
resources available and/or he is or has been involved in the supply of goods and/or 
technology, which could contribute to serious human rights violations. Further, and/or 
alternatively, U Tay Za is associated with the military through his extensive links with 
the former and current junta regimes. (Gender): Male Listed on: 02/09/2021 Last 
Updated: 02/09/2021 

Entity

1. HTOO GROUP OF COMPANIES

Address: No 5 Pyay Road, Hlaing Township, Yangon, Myanmar. Other Information:
(UK Sanctions List Ref): MYA0029 (UK Statement of Reasons): The Htoo Group of 
Companies is owned or controlled directly or indirectly by U Tay Za, who is an involved 
person. Htoo Group of Companies contributed funds to the Tatmadaw in 2017, at a 
fundraising event for the Rakhine clearance operations held by Commander in Chief, 
Min Aung Hlaing. There are reasonable grounds to suspect that these funds 
contributed to serious human rights violations and ethnic cleansing against the 
Rohingya. Further and/or additionally, Myanmar Avia Export Ltd, a subsidiary of Htoo 
Group of Companies has connections to the Myanmar military, and has been 
responsible for brokering aircraft deals and arms with Russia, which, could have been 
used in serious human rights violations, including killings, arbitrary detention and 
torture in the Rakhine state and during the 2021 military coup. (Phone number): (1)
+95 1 500344 (2) +95 1 500355 (Email address): info@htoo.com (Organisation type): 
Private Company (Parent company): Htoo Group of Companies Listed on: 02/09/2021 
Last Updated: 02/09/2021 Group ID: 14140.

Ministry for External Relations

2 September 2021


Financial Sanctions Notice Myanmar 2 September 2021
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