; and (iii) any senior official of the military or security forces of Burma for which the President determines there are credible reports that the official knew, or should have known, that the official's subordinates were committing sexual or gender-based violence and failed to take adequate steps to prevent such violence or punish the individuals responsible for such violence. (3) Authority for additional financial sanctions The Secretary of the Treasury may, in consultation with the Secretary of State, prohibit or impose strict conditions on the opening or maintaining in the United States of a correspondent account or payable-through account by any financial institution that is a United States person, for or on behalf of a foreign financial institution, if the Secretary determines that the account is knowingly used— (A) by a foreign financial institution that knowingly holds property or an interest in property of an individual included on the SDN list pursuant to paragraph (2); or (B) to conduct a significant transaction on behalf of such an individual. (4) Rule of construction Nothing in this subsection may be construed to prohibit any contract or other financial transaction by a United States person with a credible nongovernmental humanitarian organization in Burma. (c) Removal from list The President may remove an individual from the list required by subsection (a) if the President determines and reports to the appropriate congressional committees that— (1) the individual has— (A) publicly acknowledged the role of the individual in committing past human rights violations; (B) cooperated with independent efforts to investigate such violations; (C) been held accountable for such violations; and (D) demonstrated substantial progress in reforming the individual's behavior with respect to the protection of human rights in the conduct of civil-military relations