Thailand to set up task force to prevent transactions for Myanmar arms

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BANGKOK: Thailand will form a task force to enhance the due diligence capabilities of its financial institutions in order to prevent transactions by banks that could lead to arms purchases and human rights abuses in Myanmar, the foreign ministry said.

The Thai government met with commercial banks and state agencies to investigate such transactions after a United Nations expert reported on a surge in money moved via Thai banks for weapons that were used by the junta against the civilian population.