The Republic of the Union of Myanmar

Central Committee for Counter Terrorism
Order No. (2/2018)
The 3'd Waning of Second Waso, 1380, M.E.
(3otn Juty 2ot8)

Directive on Conducting the relief of financial sanction on the Islamic Republicof Iran

1. All United Nations Member States shall conduct financial sanctions on
individuals and entities of the Islamic Republic of Iran to eliminate, prevent and deter

the proliferation of weapons of mass destruction in accordance with the United
Nations Security Council's Resolution- LINSCR t737(2006) and its successor
resolutions- TINSCR 1747 (2007), 1803 (2008) and 1929 (2010). According to theUnited Nations Security Council's Resolution- IINSCR 1737 (2006), Myanmar has an

obligation to comply with the financial sanction in order to freeze the assets andrefrain from conducting financial transactions with designated individuals and entities
from the Islamic Republic of Iran who involve in Iran's program on the proliferationof weapons of mass destruction and the ballistic missile.

2.

The UN sanctions on the Islamic Republic of Iran which were imposed byITNSCR 1696 (2006), 1737 (2006), 1747 (2007), 1803 (2008), 1835 (2008), 1929(2010) 1984 (2011) and 2224 (201s) has been lifted by the UNSCR 2231 (2015)
issued on 20th July 2015. Although IINSCR223l (2015) entered into force on 18'hJanuary 2016, paragraph 6 (e) of Annex B of UNSCR 2231 (2015) shall remain in

effect to freeze the assets of designated individuals or entities under UNSCR 1737
(2005) which is specified as LINSCR 2231 (2015) by all the United Nations Member

States. The whole list can be accessed at h{p://wwilun.org/enlsc12231llist.shtml.
Moreover,paragraph 6 of Annex B provided that all Member States shall prevent any
funds, financial assets or economic resources, or benefits of designated individuals orentities from being made available by their nationals.

3.

Exception howevef is given to the access to the frozen assets necessary for basic

expenses, food, payment for a rent or a mortgage, public utility charges, legal

professional fees, taxes and a medical treatment in accordance with human rights

principles permitted under national laws. Access to routine expenses for maintenanceof frozen assets may be authorized if the State notified the Security Council and has
not been rejected within five working days. Moreover, transactions with designatedindividuals or entities may be carried out for extraordinary expenses, or for a civil
nuclear project in accordance with Annex III of the Joint Cooperation Plan of Action

or for the subject of a judicial trial occurred prior to the date of adoption of UNSCR
1737 (2006) that is not for the benefit of the designated individuals or entities, or foractivities related to the items specified in paragraph 2 of Annex B. In addition,
designated individuals or entities may be permitted to make any payment due under acontract entered into their prior listing, while States are certain that the said contract is

not related to special provisions stipulated in Annex B, they may noti$z the Security
Council of the intention ten working days prior to such authorization.

4.

Moreover, the Financial Action Task Force (FATF) has issued its publicstatement that identified the Islamic Republic of Iran as jurisdiction that has strategic

deficiencies in anti-money laundering and combating the financing of terrorism(AML/CFT). The FATF calls on all Member States and other jurisdictions to applycounter-measures to protect their financial system from money laundering andfinancing of terrorism (ML/FT) risks emanating from Iran.

5.

The reporting entities are, therefore, required to take actions as follows:(a) they shall refuse flnancial transactions with designated individuals andentities under the resolution 2231(2015) list and shall further freeze thefunds and assets owned by or controlled by designated individuals andentities under 223 1 (20 1 5);(b) they shall undertake the risk-based approach in making such transactions
and perform the risk assessment in the case which concerns with theLINSCR 2231 (2015) list. When entities residing in Iran or registered inIran or any high risk individuals or entities conduct financial transactions

with individuals or entities listed under UNSCR 2231 (2015), or related

to the proliferation of weapons of mass destruction or Iran's nuclear
development programme, the reporting entities are required to give

special attention to such transactions and the perform customer due

diligence process for the geographical or risk assessment of customers

who concern with the State in accordance with the Anti-Money
Laundering Law and its Rules. Upon performing risk assessment and if

there are no relationships with the proliferation of weapons of mass
destruction or Iran's nuclear development program, the reporting entities

may conduct normal financial transaction with such individuals andentities.

6.

The reporting entities which fail to comply with the customer due diligenceprocess in relation with designated individuals and entities under UNSCR 2231(2015)

shall have action taken under the Anti-Money Laundering Law and the Counter
Terrorism Law.

For Chairman(Police Lieutenant General Aung Win Oo, Secretary)
Central Committee for Counter Terrorism
Letter No:

Date:

264s( 2 y10-1-3(a)/G 4
3o'h July, 2018

Circulated to:Governor, Central Bank of Myanmar (to issue further directive to organizations

which are under the supervision of the Central Bank of Myanmar)
Myanmar Investment Commission
Yangon City Development Committee
Mandalay City Development Committee
Nay Pyi Taw City Development Committee
Customs Department

Internal Revenue Department
Department of Agricultural Land Management and Statistics

l-Department of Marine Administration
Road Transport Administration Department

Department of Human settrement and Housing Development
Department of City Development
Directorate of Trades
Directorate of Investment and company Administration
Financial Regulatory Department

Myanmar Insurance
Department of Mines

Myanmar Gems Enterprises
Bar Council

Myanmar Institute of certified public Accountants
Notary Public
Myanmar Securities Exchange Centre
Licensed Money Transfer Services
Real Estate Agents
Dealers of Precious Metals and Stones

Andaman Club Hotel (Thuhtay Island)

All reporting entities

Copy to:Office of the President
Union Minister, Ministry of Foreign Affairs
Union Minister, Ministry of Home Affairs.. Union Minister, Ministry of pranning and FinanceUnion Minister, Ministry of Commerce
Chairman, Anti-Money Laundering Central BoardO ffi c e C opy/Interdepartmental

Circular Letter