Thailand Replaces Singapore as Key Banker for Myanmar's Military Arms Financing
International efforts to isolate Myanmar's ruling junta appear to have dented its ability to purchase new military equipment from overseas, but the military is still able to access money and weapons. According to UN special rapporteur Tom Andrews, foreign banks are facilitating the junta's access to weapons and related materials, sustaining its campaign of violence and brutality against the people of Myanmar. Thailand has replaced Singapore as the preferred banker and leading source of military supplies purchased through the international banking system by Myanmar's military regime. This shift occurred after Singapore cracked down on Myanmar-related accounts at its top banks. Companies registered in Thailand have filled the void left by those registered in Singapore in supplying weapons and banking services to Myanmar's junta. From April 2023 to March 2024, imports by the junta—comprising weapons—have continued despite international sanctions.
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Thai Enquirer
The Thai Bankers Association (TBA) stated that Thai commercial banks have a clear policy of not supporting the purchase of weapons and military equipment by Myanmar's military organizations. The association added that they prioritize preventing and prohibiting the use of banking… https://t.co/ENzL1OqpDs
The Diplomat Thailand has emerged as the leading source of banking services to Myanmar’s military junta, and a key financial conduit for the procurements of arms and other military equipment. https://t.co/Sd5fTmWrbS
Top Rank 🇹🇭 #Thailand has replaced 🇸🇬 #Singapore as the preferred banker and leading source of military supplies purchased through the international #banking system by 🇲🇲 #Myanmar's #military regime. https://t.co/3fV38kgMSt
Nikkei Asia Thailand has replaced Singapore as the preferred banker and leading source of military supplies purchased through the international banking system by Myanmar's military regime. https://t.co/ys48gaJ6xc https://t.co/I4UyEpzEwR
- Thai Enquirer
Companies registered in Thailand have filled the void left by those registered in Singapore in supplying weapons and banking services to Myanmar's junta, according to UN special rapporteur Tom Andrews. From April 2023 to March 2024, imports by the junta—comprising weapons,… https://t.co/1ht12ohfp5
The Japan NewsMyanmar Junta Still Able to Access Weapons and Money Overseas, Says UN Expert https://t.co/Uqwnt2PCxb
UN News Foreign banks are allegedly helping Myanmar’s military junta acquire weapons and military supplies, facilitating a “campaign of violence and brutality” as the civil war there grinds on, according to an independent UN human rights expert on Wednesday https://t.co/fYFADlHJt2
Nico Proration Guru 🇨🇭🇹🇭🇲🇲 - 🇹🇭 Very interesting long read on how Thai banks are now the biggest facilitator of arms financing of Myanmar's junta. https://t.co/okoxEvjp8A
- Nikkei Asia
Good morning, America. This was our most read story while you were sleeping. Myanmar military shifts arms financing to Thai banks from Singapore https://t.co/SvzATaiFvc
Kenneth Roth "Foreign banks are facilitating the Myanmar military junta’s access to weapons and related materials that are sustaining its campaign of violence and brutality against the people of Myanmar," says the UN rapporteur Time to end this complicity. https://t.co/Imgpebr9Ss https://t.co/bi7s6tVprq
Reuters Myanmar junta still able to access weapons and money overseas, says UN expert https://t.co/RxbtidcYT4 https://t.co/qNrOFlQILj
- Nikkei Asia
Thailand has replaced Singapore as the preferred banker and leading source of military supplies purchased through the international banking system by Myanmar's military regime, after Singapore cracked down on Myanmar-related accounts at its top banks. https://t.co/daGoKrWTPi https://t.co/swG45Vyu6Q
PiQ 🔵 MYANMAR JUNTA STILL ABLE TO ACCESS WEAPONS AND MONEY OVERSEAS, SAYS UN EXPERT International efforts to isolate Myanmar's ruling junta appear to have dented its ability to purchase new military equipment from overseas, but the military is still able to access money and…
- Nikkei Asia
Myanmar military shifts arms financing to Thai banks from Singapore https://t.co/in2ura4r7n