Thai govt to meet banks over alleged transactions for Myanmar arms


Thailand Minister of Foreign Affairs, Maris Sangiampongsa delivers his speech during a press conference in Makati, Philippines, Thursday, July 4, 2024. (AP Photo/Aaron Favila)

BANGKOK: Thailand's government will meet next week with commercial banks and state agencies to investigate transactions allegedly used for weapons purchases by Myanmar's junta, and urge tighter scrutiny, the foreign minister said on Thursday (July 18).

Thai bank representatives last week told a parliamentary committee they had followed regulations but lacked capacity to investigate all transactions that could be used for arms purchases, responding to a UN expert's report of a surge in money moved via Thai lenders for weapons that were used by the junta against the civilian population.

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Thailand , Myanmar , banks , weapons

   

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