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BANGLADESH – It was reported on August 17 that the accounts of the junta council’s MFTB and MICB banks, sanctioned by the U.S. government, at Bangladesh’s Sonali Bank have been frozen by the Bangladesh government.
Bangladesh media reported that this is after the American Embassy in Dhaka issued a statement that the MFTB and MICB are under the sanction of the U.S. government.
The managing director and CEO Md Afzal Karim of Sonali Bank said that there is 1.2 million USD deposited by the junta banks but they will not be able to withdraw it.
The U.S. government has sanctioned the two banks in June.
Businesses working with MFTB and MICB have been given a deadline of August 5 to cease their dealings and spokesperson Matthew Miller of the U.S. foreign department warned that they will be watching if there are still dealings with the two banks.
After Singapore’s United Overseas Bank (UOB) ceased all dealings with Myanmar banks recently, Bangladesh’s Sonali Bank is the second bank to freeze the assets of the Myanmar junta regime.
The U.S. sanctions announcement stated that MFTB and MICB have been assisting the junta regime to receive incomes from the Myanmar Oil and Gas Enterprise and Myanma Gems Enterprise.