Stay cautious about business with Burma, banks warned

yangon-rangoon-burma-myanmar

The decisions by the US Treasury and the European Union last month to lift sanctions on Burma and its leaders shouldn't lead banks to rush back into business in the country, compliance experts have warned.

Last month, the US Treasury's Office of Foreign Assets Control removed the country's president, Thein Sein, and the speaker of its parliament, Thura Shwe Mann, from its list of "specially designated nationals" who are subject to asset freezes and are banned from doing business with US persons

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