Myanmar Economic Corporation Limited

• EU Consolidated ListActive listingID 129454

  Source

  Verified: copied from a structured field of an authoritative source

  Source

  EU Consolidated List

  Retrieved

  2026-09-29

  Source date

  2021-04-19

  Extractor

  eu-xml-parser

  Raw evidence

  <sanctionEntity designationDate="2021-04-19" designationDetails="" unitedNationId="" euReferenceNumber="EU.6313.7" logicalId="129454">
          <regulation regulationType="amendment" organisationType="council" publicationDate="2021-04-19" entryIntoForceDate="2021-04-19" numberTitle="2021/638 (OJ L132I)" programme="MMR" logicalId="138289">
              <publicationUrl>https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.LI.2021.132.01.0001.01.ENG&amp;toc=OJ%3AL%3A2021%3A132I%3ATOC</publicationUrl>
          </regulation>
          <subjectType code="enterprise" classificationCode="E"/>
          <nameAlias firstName="" middleName="" lastName="" wholeName="Myanmar  Economic Corporation  Limited" function="Type of entity: &#xA;Company limited by shares" title="" nameLanguage="" strong="true" regulationLanguage="en" logicalId="129457">
              <regulationSummary regulationType="amendment" publicationDate="2021-04-19" numberTitle="2021/638 (OJ L132I)" publicationUrl="https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.LI.2021.132.01.0001.01.ENG&amp;toc=OJ%3AL%3A2021%3A132I%3ATOC"/>
          </nameAlias>
          <address city="Ahlone, Yangon" street="Corner  of Ahlone road &amp;  Kannar road" poBox="" zipCode="" region="" place="" asAtListingTime="false" countryIso2Code="MM" countryDescription="MYANMAR" regulationLanguage="en" logicalId="129455">
              <remark>Place of business: Myanmar/Burma</remark>
              <regulationSummary regulationType="amendment" publicationDate="2021-04-19" numberTitle="2021/638 (OJ L132I)" publicationUrl="https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.LI.2021.132.01.0001.01.ENG&amp;toc=OJ%3AL%3A2021%3A132I%3ATOC"/>
              <contactInfo key="PHONE" value="01-8221369"/>
              <contactInfo key="EMAIL" value="mecadm.hq@gmail.com"/>
          </address>
          <identification diplomatic="false" knownExpired="false" knownFalse="false" reportedLost="false" revokedByIssuer="false" issuedBy="" latinNumber="" nameOnDocument="" number="105444192" region="Yangon" identificationTypeCode="regnumber" identificationTypeDescription="Registration Number" countryIso2Code="MM" countryDescription="MYANMAR" regulationLanguage="en" logicalId="129456">
              <remark>Place of 
  registration:Yangon, Myanmar
  Date of registration: Founded in 1997 as a State owned company, registered as a private company on 9 January 2019</remark>
              <regulationSummary regulationType="amendment" publicationDate="2021-04-19" numberTitle="2021/638 (OJ L132I)" publicationUrl="https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.LI.2021.132.01.0001.01.ENG&amp;toc=OJ%3AL%3A2021%3A132I%3ATOC"/>
          </identification>
      </sanctionEntity>

  Name on list

  Myanmar Economic Corporation Limited

  Programmes / regimes

  MMR

  Listed on

  2021-04-19

  Last updated

  2021-04-19

  Aliases

  Myanmar Economic Corporation Limited

  Countries

  Burma (Myanmar)

  Addresses

  Corner of Ahlone road & Kannar road, Ahlone, Yangon, MYANMAR

  Identifiers

  EU reference: EU.6313.7

  Registration number: 105444192

  Legal act: 2021/638 (OJ L132I) – https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.LI.2021.132.01.0001.01.ENG&toc=OJ%3AL%3A2021%3A132I%3ATOC

• OFAC SDN (US)Active listingID 31516

  Source

  Verified: copied from a structured field of an authoritative source

  Source

  OFAC SDN (US)

  Retrieved

  2026-09-30

  Extractor

  ofac-xml-parser

  Raw evidence

  <sdnEntry>
      <uid>31516</uid>
      <lastName>MYANMAR ECONOMIC CORPORATION LIMITED</lastName>
      <sdnType>Entity</sdnType>
      <programList>
        <program>BURMA-EO14014</program>
      </programList>
      <idList>
        <id>
          <uid>21418</uid>
          <idType>Registration Number</idType>
          <idNumber>105444192</idNumber>
          <idCountry>Burma</idCountry>
        </id>
      </idList>
      <akaList>
        <aka>
          <uid>49508</uid>
          <type>a.k.a.</type>
          <category>strong</category>
          <lastName>MYANMAR ECONOMIC CORPORATION</lastName>
        </aka>
        <aka>
          <uid>49509</uid>
          <type>a.k.a.</type>
          <category>weak</category>
          <lastName>MEC</lastName>
        </aka>
      </akaList>
      <addressList>
        <address>
          <uid>47554</uid>
          <address1>Corner of Ahlone Road &amp; Kannar Road</address1>
          <address2>Ahlone Township</address2>
          <city>Rangoon</city>
          <country>Burma</country>
        </address>
      </addressList>
    </sdnEntry>

  Name on list

  MYANMAR ECONOMIC CORPORATION LIMITED

  Programmes / regimes

  BURMA-EO14014

  Aliases

  MYANMAR ECONOMIC CORPORATION · MEC

  Countries

  Burma (Myanmar)

  Addresses

  Corner of Ahlone Road & Kannar Road, Ahlone Township, Rangoon, Burma

  Identifiers

  Registration Number: 105444192

• SECO (Switzerland)Active listingID 45097

  Source

  Verified: copied from a structured field of an authoritative source

  Source

  SECO (Switzerland)

  Retrieved

  2026-09-29

  Source date

  2026-06-02

  Extractor

  seco-xml-parser

  Raw evidence

  <target ssid="45097"><sanctions-set-id>39362</sanctions-set-id><entity><identity ssid="45107" main="true"><name ssid="45109" name-type="primary-name" quality="good" lang="eng"><name-part order="1" name-part-type="whole-name"><value>Myanmar Economic Corporation Limited</value></name-part></name><address ssid="45108" place-id="45106" quality="good"><address-details>Corner of Ahlone road &amp; Kannar road, Ahlone</address-details></address></identity><justification ssid="106490">Myanmar Economic Corporation (MEC) is a conglomerate owned and controlled by the Myanmar Armed Forces (Tatmadaw), having subsidiaries and affiliated companies in diverse sectors of the economy, including banking, insurance, construction, trade, transportation, mining, gem extraction, manufacturing and tourism. MEC and its subsidiaries generate revenue for the Tatmadaw, therefore contributing to its capabilities to carry out activities undermining democracy and the rule of law and to serious human rights violations in Myanmar/Burma.</justification><justification ssid="106491">MEC’s board of directors is exclusively composed of senior officers (active or retired) of the Tatmadaw.</justification><justification ssid="106492">MEC and its subsidiaries donated assets to the military in 2017 during the Tatmadaw’s fundraising ceremonies. Therefore, MEC financially supported the Tatmadaw and thus contributed to its capability to carry out the “clearance operations” and serious human rights violations in 2017 against the Rohingya population.</justification><other-information ssid="45099">Type of entity: Company limited by shares</other-information><other-information ssid="45100">Place of registration: Yangon, Myanmar/Burma</other-information><other-information ssid="45101">Date of registration: Founded in 1997 as a State owned company, registered as a private company on 9 January 2019</other-information><other-information ssid="45102">Registration number: 105444192</other-information><other-information ssid="45103">Place of business: Myanmar/Burma</other-information><other-information ssid="45104">Phone number: 01-8221369</other-information><other-information ssid="45105">Email address: mecadm.hq@gmail.com</other-information></entity><modification modification-type="amended" enactment-date="2026-06-01" publication-date="2026-06-02" effective-date="2026-06-02"><added><justification ssid="106490">Myanmar Economic Corporation (MEC) is a conglomerate owned and controlled by the Myanmar Armed Forces (Tatmadaw), having subsidiaries and affiliated companies in diverse sectors of the economy, including banking, insurance, construction, trade, transportation, mining, gem extraction, manufacturing and tourism. MEC and its subsidiaries generate revenue for the Tatmadaw, therefore contributing to its capabilities to carry out activities undermining democracy and the rule of law and to serious human rights violations in Myanmar/Burma.</justification><justification ssid="106491">MEC’s board of directors is exclusively composed of senior officers (active or retired) of the Tatmadaw.</justification><justification ssid="106492">MEC and its subsidiaries donated assets to the military in 2017 during the Tatmadaw’s fundraising ceremonies. Therefore, MEC financially supported the Tatmadaw and thus contributed to its capability to carry out the “clearance operations” and serious human rights violations in 2017 against the Rohingya population.</justification></added><removed><justification ssid="45098">Myanmar Economic Corporation (MEC) is a conglomerate owned and controlled by the Myanmar Armed Forces (Tatmadaw), having subsidiaries and affiliated companies in diverse sectors of the economy, including banking, insurance, construction, trade, transportation, mining, gem extraction, manufacturing and tourism. MEC and its subsidiaries generate revenue for the Tatmadaw, therefore contributing to its capabilities to carry out activities undermining democracy and the rule of law and to serious

  Name on list

  Myanmar Economic Corporation Limited

  Programmes / regimes

  Myanmar

  Listed on

  2021-04-30

  Last updated

  2026-06-02

  Countries

  Burma (Myanmar)

  Addresses

  Corner of Ahlone road & Kannar road, Ahlone, Yangon, Myanmar

  Remarks

  Myanmar Economic Corporation (MEC) is a conglomerate owned and controlled by the Myanmar Armed Forces (Tatmadaw), having subsidiaries and affiliated companies in diverse sectors of the economy, including banking, insurance, construction, trade, transportation, mining, gem extraction, manufacturing and tourism. MEC and its subsidiaries generate revenue for the Tatmadaw, therefore contributing to its capabilities to carry out activities undermining democracy and the rule of law and to serious human rights violations in Myanmar/Burma. MEC’s board of directors is exclusively composed of senior officers (active or retired) of the Tatmadaw. MEC and its subsidiaries donated assets to the military in 2017 during the Tatmadaw’s fundraising ceremonies. Therefore, MEC financially supported the Tatmadaw and thus contributed to its capability to carry out the “clearance operations” and serious human rights violations in 2017 against the Rohingya population. Type of entity: Company limited by shares Place of registration: Yangon, Myanmar/Burma Date of registration: Founded in 1997 as a State owned company, registered as a private company on 9 January 2019 Registration number: 105444192 Pl

• UK Sanctions ListActive listingID GHR0081

  Source

  Verified: copied from a structured field of an authoritative source

  Source

  UK Sanctions List

  Retrieved

  2026-09-29

  Source date

  2025-04-09

  Extractor

  uk-xml-parser

  Raw evidence

  <Designation>
      <LastUpdated>09/04/2025</LastUpdated>
      <DateDesignated>01/04/2021</DateDesignated>
      <UniqueID>GHR0081</UniqueID>
      <OFSIGroupID>14081</OFSIGroupID>
      <Names>
        <Name>
          <Name6>Myanmar Economic Corporation</Name6>
          <NameType>Primary name</NameType>
        </Name>
        <Name>
          <Name6>MEC</Name6>
          <NameType>Alias</NameType>
        </Name>
      </Names>
      <RegimeName>The Global Human Rights Sanctions Regulations 2020</RegimeName>
      <IndividualEntityShip>Entity</IndividualEntityShip>
      <DesignationSource>UK</DesignationSource>
      <SanctionsImposed>Asset freeze|Director Disqualification Sanction</SanctionsImposed>
      <SanctionsImposedIndicators>
        <AssetFreeze>true</AssetFreeze>
        <ArmsEmbargo>false</ArmsEmbargo>
        <TargetedArmsEmbargo>false</TargetedArmsEmbargo>
        <CharteringOfShips>false</CharteringOfShips>
        <ClosureOfRepresentativeOffices>false</ClosureOfRepresentativeOffices>
        <CrewServicingOfShipsAndAircraft>false</CrewServicingOfShipsAndAircraft>
        <Deflag>false</Deflag>
        <PreventionOfBusinessArrangements>false</PreventionOfBusinessArrangements>
        <ProhibitionOfPortEntry>false</ProhibitionOfPortEntry>
        <TravelBan>false</TravelBan>
        <PreventionOfCharteringOfShips>false</PreventionOfCharteringOfShips>
        <PreventionOfCharteringOfShipsAndAircraft>false</PreventionOfCharteringOfShipsAndAircraft>
        <TechnicalAssistanceRelatedToAircraft>false</TechnicalAssistanceRelatedToAircraft>
        <TrustServicesSanctions>false</TrustServicesSanctions>
        <DirectorDisqualificationSanction>true</DirectorDisqualificationSanction>
      </SanctionsImposedIndicators>
      <OtherInformation>Names of Director(s)/Management: Lt Gen (retired) Nyo Saw (Former QMG – retired in 2020); Maj Gen Moe Myint Htun (Army COS); Rear Admiral Moe Aung (Navy COS); Lt Gen Htun Aung (Air Force COS); Brig Gen Aung Kyaw Hoe (Defence Perm Sec); Aung Lin Tun (Htun); Maj Gen Aung Zay Ya; Khin Maung Soe; Maj Gen Maung Maung Myint; Brig Gen Thaik Soe; Thant Swe; Thant Zin; Maj Gen Thaw Lwin; Thein Toe; Maj Gen Zaw Lwin Oo; Zin Min Htet; Aung Min; Htun Htun Oo; Myo Thant; Win Lwin. Ultimate beneficial owner(s): Myanmar senior military leadership, units and battalions. The Director Disqualification Sanction was imposed on 09/04/2025.</OtherInformation>
      <UKStatementofReasons>
  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.</UKStatementofReasons>
      <Addresses>
        <Address>
          <AddressLine1>Strand Rd.</AddressLine1>
          <AddressLine2>Near Thakhin Mya Park</AddressLine2>
          <AddressLine3>Ayeyar Waddy Ward</AddressLine3>
          <AddressLine5>Ahlone</AddressLine5>
          <AddressLine6>Yangon</AddressLine6>
          <AddressCountry>Myanmar</AddressCountry>
        </Address>
      </Addresses>
      <EntityDetails>
        <Entity>
          <TypeOfEntities>
            <TypeOfEntity>Military Holding Company</TypeOfEntity>
          </TypeOfEntities>
          <Subsidiaries>
            <Subsidiary>Ahlone International Port Terminal 1</S

  Name on list

  Myanmar Economic Corporation

  Programmes / regimes

  Global Human Rights Sanctions Regulations 2020

  Listed on

  2021-04-01

  Last updated

  2025-04-09

  Aliases

  MEC

  Countries

  Burma (Myanmar)

  Addresses

  Strand Rd., Near Thakhin Mya Park, Ayeyar Waddy Ward, Ahlone, Yangon, Myanmar

  Identifiers

  OFSI group ID: 14081

  Linked to (per list)

  Ahlone International Port Terminal 1 · Amber International Company Ltd. · Anhydrous Ethanol Plant (Taungzinaye) · Aung Myint Moh Min Insurance Company Ltd. · Bagwa Gone Company Ltd. · Bagwa Gone Gems Company Ltd. · Dagon Beverages Company Ltd. · Dagon FC Company Ltd.; · Innwa Bank Ltd · Myanmar Economic Corporation Telecommunication (MECTel) · Myanmar Mobile Money Services Company Ltd. · Mytel Wallet International Myanmar Company · Nan Myaing Coffee (Pyin Oo Lwin); Okkala Golf Resort · Sandaku Myint Mo Co., Ltd. · Star High Co., Ltd. · Star High Group Company Ltd · Tristar Tyre Manufacturing Company Ltd · Agro Pack Co., Ltd.; Aung Myint Mo Min Securities · Aung Zayya Oo Co., Ltd. · Golden Majestic Star Mobile Company Limited · 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 Dairy Farm, Dairy Factory and Cannery (Pyinmabin) · 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) · 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 · Jade Extraction Mine (Lone Khin – Hpakan) · Kan Thar Yar International Specialist Hospital · Marble mine and processing plant (Mandalay) · Myanmar Mobile Money Services Company Ltd.; · Myanmar Sigma Cable Wire Factory (Hlaing Thar Yar); · 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) · Ship Breaking Yard (Thilawa) · Sugar Mill (Du Yin Gabo) · Sugar mill (Kanbalu) · Sugar Mill (Kanhla) · Tea factory (Kan Yeik Thar) · Tea powder and tea mix factory (Pyinmabin) · Tyre Retreading Plant (Ywama) · Virgin Coconut Oil Factory (Pathein) · Wolfram Mine (Dawei)

  Remarks

  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. Names of Director(s)/Management: Lt Gen (retired) Nyo Saw (Former QMG – retired in 2020); Maj Gen Moe Myint Htun (Army COS); Rear Admiral Moe Aung (Navy COS); Lt Gen Htun Aung (Air Force COS); Brig Gen Aung Kya

No linked parties recorded on the lists.

No list changes detected since monitoring began.