Entity record
Myanmar Economic CorporationOrganization
Myanmar Economic Corporation appears on the UK Sanctions List (UKSL) and 1 other official sanctions list, designated by UK HM Treasury (OFSI), UK Foreign, Commonwealth & Development Office (FCDO) under programs Global Human Rights, The Global Human Rights Sanctions Regulations 2020; reflected as observed on 2026-06-03.
Also known as
- Myanmar Economic Corporation
Designations
- Designated by UK HM Treasury (OFSI) under program Global Human Rights since . Other entities under Global Human Rights
- Designated by UK Foreign, Commonwealth & Development Office (FCDO) under program The Global Human Rights Sanctions Regulations 2020 since . Other entities under The Global Human Rights Sanctions Regulations 2020
Reason for listing
Per UK Foreign, Commonwealth & Development Office (FCDO) (listed ):
UKSL GHR0081 — Measures: Asset freeze, Director Disqualification Sanction — Myanmar Economic Corporation (MEC) is a major Myanmar conglomerate, which in practice is owned and governed by, and for the benefit of, the Myanmar Ministry of Defence (MoD). The Tatmadaw who are responsible for serious human rights violations against the population of Myanmar, including the 2021 coup d'etat and violence against ethnic minorities, is under the command of the MoD. Also several former and serving member of the Tatmadaw are directors of MEC. There are therefore reasonable grounds to suspect that MEC is associated with the Tatmadaw. Further or alternatively, there are reasonable grounds to suspect that MEC made funds available to the Tatmadaw by directly contributing to a fundraising event aimed at providing financial support for the Tatmadaw during the 2017 ‘clearance operations’ against the Rohingya. These “clearance operations” resulted in serious human rights violations, including mass unlawful killing, torture, systematic rape and targeted sexual violence. (official source)
Per UK HM Treasury (OFSI) (listed ):
GHR0081 — Myanmar Economic Corporation (MEC) is a major Myanmar conglomerate, which in practice is owned and governed by, and for the benefit of, the Myanmar Ministry of Defence (MoD). The Tatmadaw who are responsible for serious human rights violations against the population of Myanmar, including the 2021 coup d'etat and violence against ethnic minorities, is under the command of the MoD. Also several former and serving member of the Tatmadaw are directors of MEC. There are therefore reasonable grounds to suspect that MEC is associated with the Tatmadaw. Further or alternatively, there are reasonable grounds to suspect that MEC made funds available to the Tatmadaw by directly contributing to a fundraising event aimed at providing financial support for the Tatmadaw during the 2017 ‘clearance operations’ against the Rohingya. These “clearance operations” resulted in serious human rights violations, including mass unlawful killing, torture, systematic rape and targeted sexual violence. (official source)
Key properties
- Legal Form
- Military Holding Company
- Subsidiaries
- Agro Pack Co., Ltd.; Aung Myint Mo Min Securities. Ahlone International Port Terminal 1. Amber International Company Ltd.. Anhydrous Ethanol Plant (Taungzinaye). Aung Myint Moh Min Insurance Company Ltd.. Aung Zayya Oo Co., Ltd.. Bagwa Gone Company Ltd.. Bagwa Gone Gems Company Ltd.. Cannery. Cement plant (Myaingglay). Coal Mine (Maw Taung). Coal Mine and Power Plant (Mai Khot). Container Transport and Port Clearance Yard (Ywama) Cotton Ginning Factory (Myitthar). Dagon Beverages Company Ltd.. Dagon Dairy Farm, Dairy Factory and Cannery (Pyinmabin). Dagon FC Company Ltd.;. Dagon Rum Factory (Shwe Pyi Thar). Disposable Syringe Factory (Hwambi). Galvanized Iron Sheet Factory (Than Hlyin). Gas plant (Botahthaung). Gas plant (Mandalay). Gems Extraction Mine (Mine Shu – Loi Saung Htauk). Glass Factory (Than Hlyin). Golden Majestic Star Mobile Company Limited. Granite Mine and Processing Plant (Balin). GSM Mobil Phone (438,000) Allocation (Ayeyarwadi Division). Gypsum Mine and Transportation Plant (Htone Bo). High Tension Steel Bolts, Nuts and Washers Manufacturing Plant (Ywama). Hteedan Port (Kyeemyindine). Indoor Skydiving. Innwa Bank Ltd. Jade Extraction Mine (Lone Khin – Hpakan). Kan Thar Yar International Specialist Hospital. Marble mine and processing plant (Mandalay). Myanmar Economic Corporation Telecommunication (MECTel). Myanmar Mobile Money Services Company Ltd.. Myanmar Mobile Money Services Company Ltd.;. Myanmar Sigma Cable Wire Factory (Hlaing Thar Yar);. Mytel Wallet International Myanmar Company. Nan Myaing Coffee (Pyin Oo Lwin); Okkala Golf Resort. Nay Pyi Taw Ye Pyar Drinking Water Plant (Naypyitaw). No. 1 Steel Rolling Mill in Kyauk Swae Kyowe on site of Pinpet Iron Ore Mine. No. 2 Steel Mill and Fabrication Shop (Myaungdagar). No. 3 Steel Mill 3 (Ywama). Oxygen Plant (Mindama). Paper Factory (Myainggalay). Printing Factory (Yangon). Refractory Plant (Aung Lan). Remote sensing ground station. Rice Mills and Rice Storage (Hteedan Port). Sandaku Myint Mo Co., Ltd.. Ship Breaking Yard (Thilawa). Star High Co., Ltd.. Star High Group Company Ltd. Sugar Mill (Du Yin Gabo). Sugar mill (Kanbalu). Sugar Mill (Kanhla). Tea factory (Kan Yeik Thar). Tea powder and tea mix factory (Pyinmabin). Tristar Tyre Manufacturing Company Ltd. Tyre Retreading Plant (Ywama). Virgin Coconut Oil Factory (Pathein). Wolfram Mine (Dawei)
Identifiers
- OFSI Group ID
- 14081
- UK Sanctions List Unique ID
- GHR0081
Addresses
Strand Rd., Near Thakhin Mya Park, Ayeyar Waddy Ward, Ahlone, Yangon, MyanmarSource list & list version
| Source list | List version | Manifest SHA-256 | Status | Verify |
|---|---|---|---|---|
| UK Sanctions List (UKSL)Sanctions list UK Foreign, Commonwealth & Development Office (FCDO) | gb_fcdo_uksl@2026-08-04 | 6f5e8b8ed92cccf0… | List version (signing pending) | — |
| UK OFSI Consolidated List of Financial Sanctions TargetsSanctions list UK HM Treasury — Office of Financial Sanctions Implementation (OFSI) | 20260610-001 | 4d14d0d8a5584fff… | List version (signing pending) | manifest |
About these sources
The UK Sanctions List (UKSL), published by the Foreign, Commonwealth & Development Office — since 28 January 2026 the single, current source for all UK sanctions designations (financial, immigration, trade and transport measures), superseding the older OFSI Consolidated List.
What a match means: A match is a current, binding UK sanctions designation — treat as a direct compliance hit and escalate immediately.
The UK's former OFSI Consolidated List of Financial Sanctions Targets, maintained by HM Treasury. OFSI closed this list on 28 January 2026 — current UK sanctions designations now publish only to the FCDO UK Sanctions List (also in this catalog) — and it is retained here as a historical source.
What a match means: A match reflects a UK financial-sanctions designation recorded before the 28 Jan 2026 cutover; check whether the same party also appears on the current UK Sanctions List, and treat either appearance as a genuine UK sanctions hit, not a stale false positive.
First observed ; last confirmed present in UK Sanctions List (UKSL) list version gb_fcdo_uksl@2026-08-04, observed .
This page reflects the official UK Sanctions List (UKSL), version gb_fcdo_uksl@2026-08-04, as observed on 2026-06-03. ProofAML is not the issuing authority.
Request a correction or dispute (distinguishes a data-handling error on our side from the underlying official designation, which is the issuing authority's record).
How to cite this page
Myanmar Economic Corporation. ProofAML. This page reflects the official UK Sanctions List (UKSL), version gb_fcdo_uksl@2026-08-04, as observed on 2026-06-03. ProofAML is not the issuing authority. URL: https://proofaml.com/organizations/myanmar-economic-corporation-nk81987067/
Machine-readable export (FTM + lineage): /data/entities/81.json (record key nk81987067)