OFSI sanctions listing
MYANMAR GEMS ENTERPRISE (MGE)
MYANMAR GEMS ENTERPRISE (MGE) is an organisation designated on the HM Treasury — Office of Financial Sanctions Implementation (OFSI) (OFSI) sanctions list under the Myanmar programme, listed on 17/05/2021. This page summarises the public designation — known aliases, identifying particulars, the stated reason for listing and linked parties — alongside an independent, transparent risk indicator.
Reason for listing
(UK Sanctions List Ref):MYA0024. (UK Statement of Reasons):The Myanmar military seized power from civilian leaders on 1 February in a coup d’état and established a military junta. Since then all state institutions have come under the control of the State Administration Council (SAC), who oversee the governance and expenditure of ministries. The SAC/military junta undermines democracy and, together with the Myanmar Security Forces, is responsible for the repression of the civilian population. Myanmar Gems Enterprise is a state-owned enterprise which operates under the Ministry of Natural Resources and Environmental Conservation (MONREC) and provides funding directly to the Ministry of Planning and Finance (MOPF). There are reasonable grounds to suspect that MGE, is under the control of, and/or is associated with, the SAC via its subservient relationship with MONREC; Further or alternatively, there are reasonable grounds to suspect that MGE makes available funds or economic resources, to the SAC/military junta that could contribute to undermining democracy and repressing the civilian population. Further or alternatively MGE is also associated with the military through its joint venture partnerships and close links to military companies, for which it grants favourable mining rights and permits. MGE also runs and controls gems emporiums, which are attended by and benefit the military and their companies. (Phone number):(+)9509262597027 (Email address):[email protected] (Type of entity):Public/State Owned (Parent company):State Owned Enterprise (SOE)
Statement of reasons as published by UK OFSI. This is the issuing authority's wording, reproduced for reference.
Designation record
| List / authority | UK OFSI (OFSI) — Myanmar |
|---|---|
| Entity type | Organization |
| Programmes / regime | Myanmar |
| Date listed | 17/05/2021 |
| Source record ID | ofsi:14108 |
| Last updated (our copy) | 2026-06-04 |
Identity & particulars
| Nationality / country | Myanmar |
|---|---|
| Address(es) | Myanmar Gems Enterprise, No.70-072, Yarza Thingaha Road, Thapyaygone Ward, Zabuthiri Township, Naypyitaw · Myanmar |
Deep-research dossier
Not yet deep-researched
The instant review above is drawn from the public lists. A deep-research dossier goes much further — an analyst-grade OSINT report: associate & co-investment network screening, structural / ownership opacity, a dated risk trajectory, an 8-factor scoring model, and numbered, source-linked evidence. See the format in the design system.
Clarifications & right of reply
Are you MYANMAR GEMS ENTERPRISE (MGE), or an authorised representative?
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Source & provenance
| Issuing authority | HM Treasury — Office of Financial Sanctions Implementation (OFSI) |
|---|---|
| Source identifier | ofsi:14108 |
| Aggregated by | Sanctiometer (independent) — verify against the issuing authority's official list before acting. |