Thailand says no evidence of its banks transacting Myanmar arms

U.N. report in June said Thai financial institutions facilitating illegal activities

Banking transparency: A joint Bank of Thailand and Anti-Money Laundering Organization investigation has found that "some Thai financial institutions did conduct transactions with individuals listed in the OHCHR report [in June], but no evidence was found linking these transactions to arms procurement." © Reuters

December 30, 2024 20:06 JST

BANGKOK (Reuters) -- Thailand's central bank and anti-money laundering agency said on Monday that they have not found any evidence to support a report from a U.N. expert that some of the country's banks were used to help Myanmar's junta acquire weapons.

The report from the Office of the United Nations High Commissioner for Human Rights (OHCHR) in June said companies registered in Thailand had used Thai banks to transfer funds for weapons and related military materials for Myanmar worth $120 million in the 2023 fiscal year, compared with $60 million the year before.