Myanmar Pearl Enterprise (MPE)
Overview of Myanmar Pearl Enterprise (MPE)
| ID | MYA0026 |
|---|---|
| Sanction Regime | The Myanmar (Sanctions) Regulations 2021 |
| Designation Source | UK |
| Other Information | The Director Disqualification Sanction was imposed on 09/04/2025. |
| Imposed Sanctions | Asset freeze |
| Last Updated | Apr 09, 2025 |
| 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 Pearl 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 MPE, 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 MPE 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 MPE is also associated with the military through its leadership. The Managing Director was also appointed as a Deputy Minister in MONREC by the SAC on 11 March. MPE also runs and controls pearl emporiums, and is involved in gems emporiums, which are attended by and benefit the military and their companies. |
| OFSI Group ID | 14110 |
What alternative names has Myanmar Pearl Enterprise (MPE) used?
| Name | Title | Name Type | Non-Latin Name | Alias Strength |
|---|---|---|---|---|
| Myanmar Pearl Enterprise (MPE) | Primary name |
Where is Myanmar Pearl Enterprise (MPE) located?
| Address | Postal Code | Country | Email Address | Phone Number | Website |
|---|---|---|---|---|---|
90 Kanbe Street Yankin Township Yangon | Myanmar | panpapalin@gmail.com | (+95)09429204434 | ||
Myanmar Pearl Enterprise Ministry of Mines Myanmar Gems Museum Yazathingha Street Zabuthri Township Naypyitaw | Myanmar | panpapalin@gmail.com | (+95)09429204434 |
What type of entity is Myanmar Pearl Enterprise (MPE)?
| Business Registration Numbers | Parent Company | Subsidiaries | Type of Entity |
|---|---|---|---|
| Public/State Owned |
Data Source
- The UK Sanctions List
A list maintained by the UK Government that identifies individuals and entities subject to financial sanctions. The list includes information on the reasons for the sanctions and the restrictions that apply. - license: CC0