BritDB

UKSL Sanctions designation

Myanmar Pearl Enterprise (MPE)

Entity · designated 21 June 2021

Designation identifiers

UKSL unique ID
MYA0026
OFSI group ID
14110
Designation type
Entity
Date designated
21 June 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 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.

Other information

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

Addresses

  • Lines: 90 Kanbe Street
  • Lines: Yankin Township
  • Lines: Yangon
  • Country: Myanmar
  • Lines: Myanmar Pearl Enterprise
  • Lines: Ministry of Mines
  • Lines: Myanmar Gems Museum
  • Lines: Yazathingha Street
  • Lines: Zabuthri Township
  • Lines: Naypyitaw
!

This directory is not a substitute for sanctions compliance screening. Ownership and control rules can apply to entities that are not separately named. Verify the current official list and obtain appropriate advice.