Thai banks deny facilitating junta's weapon purchases, while a UN report shows $120m worth of transfers to Myanmar in 2023.
Major Thai banks defend themselves against allegations of facilitating Myanmar junta's weapons purchases, stating they lack capacity to investigate all potential transactions. A UN expert's report revealed that Thai banks transferred $120m worth of weapons and materials to Myanmar in 2023 fiscal year, hindering global efforts to isolate the junta amid armed resistance and economic downturn. Bank representatives maintain strict adherence to existing regulations.
July 11, 2024
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