August 18, 2023 | Tongsan Media Group |
Myanmar Foreign Trade Bank (MFTB) of the Military Council opened in Sonali Bank of Bangladesh. The accounts of Myanmar Investment and Commercial Bank (MICB) have been blocked and controlled. The bank accounts of the military council were closed after the US embassy in Bangladesh sent a letter to the Bangladesh government to comply with the US sanctions against the Burmese military council.
Sonali Bank CEO Md. Afzal Karim confirmed… ” We have closed the accounts of the two banks due to sanctions by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC). It was reported on August 16 that Sonali Bank said that the total amount of money deposited by the two Myanmar banks is more than one million US dollars. Sonali Bank’s CEO Karim said that the Burmese Military Council requested the re-opening of the bank accounts in Sonali Bank, but it is not possible until the United States withdraws the sanctions.
Source: People’s Spring
Translated: Tongsan Admin Team