A recent UN report has shed light on Thailand’s largest banks enabling Myanmar military purchases, urging them to cease aiding the army. The report revealed that Thai banks facilitated over $120 million in transactions for the Myanmar military last year, including funding for weapon sales. Despite claims of legality, the UN Special Rapporteur emphasized the importance of increased scrutiny to prevent military financing through indirect means.
At a parliamentary committee meeting in Bangkok, banking officials seemed defensive as they were briefed on their involvement in funding Myanmar’s military activities. The rapporteur’s findings have raised concerns about the role of Thai banks in supporting the Myanmar military, particularly in light of the ongoing Rohingya crisis and refugee crisis in the region.
Al Jazeera’s Wayne Hay reports from Bangkok, Thailand, as the UN calls on Thai banks to take action to prevent further support for the Myanmar army. The report serves as a reminder of the importance of ethical banking practices and accountability in the global financial system.
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Video “UN report: Thai banks enable Myanmar military purchases, urged to stop aiding army” was uploaded on 07/11/2024 to Youtube Channel Al Jazeera English