Irrawaddy-July 22

At least 10 companies in Myanmar have failed to identify “politically exposed persons”—those with links to high-ranking present or former military officials and ethnic armed groups—among their owners, according to a new Global Witness report. The rights NGO based its findings on an analysis of the first batch of beneficial ownership information disclosures submitted by companies in the country’s troubled extractives sector. In Myanmar, a lack of transparency in the extraction of natural resources in resource-rich ethnic regions helps perpetuate and finance violent conflict in these areas. The country’s extractive sector, which includes jade mining, is controversial and often deadly. Companies with opaque ownership have long played a major role in the jade mines of Kachin, where jade projects help drive the state’s ongoing armed conflict.

Read more at: https://www.irrawaddy.com/news/burma/many-myanmar-mining-firms-fail-name-politically-connected-owners-global-witness.html