Myanmar Gems Enterprise (MGE)

Designation identifiers

UKSL unique ID

MYA0024

OFSI group ID

14108

Designation type

Entity

Date designated

17 May 2021

Last updated

9 April 2025

Regimes

• The Myanmar (Sanctions) Regulations 2021

Designation sources

• UK

Sanctions imposed

• Asset freeze
• Director Disqualification Sanction

Official reasons

• 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 Gems 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 MGE, 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 MGE 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 MGE is also associated with the military through its joint venture partnerships and close links to military companies, for which it grants favourable mining rights and permits. MGE also runs and controls gems emporiums, which are attended by and benefit the military and their companies.

Other information

• The Director Disqualification Sanction was imposed on 09/04/2025.

Addresses

• Lines: Myanmar Gems Enterprise
• Lines: No.70-072
• Lines: Yarza Thingaha Road
• Lines: Thapyaygone Ward
• Lines: Zabuthiri Township
• Lines: Naypyitaw
• Country: Myanmar

Parent companies

• State Owned Enterprise (SOE)