The United States has imposed sanctions on Myanmar's Ministry of Defense over the military regime's brutal tactics to consolidate power and repress its people.
Department of the Treasury's Office of Foreign Assets Control (OFAC) has also designated two financial institutions controlled by the military regime.
Myanma Foreign Trade Bank (MFTB) and Myanma Investment and Commercial Bank facilitate much of the foreign currency exchange within the country and enable transactions between the military regime and foreign markets, including for the purchase and import of arms and related materiel.
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