BANGKOK -- 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, a U.N.-sponsored investigation has found.
Myanmar Crisis
Myanmar military shifts arms financing to Thai banks from Singapore
Siam Commercial Bank and others urged to cut ties with Myanmar state-owned entities
Rifles confiscated by an armed group in Loikaw, Karenni state, in November 2023: Thai banks have become a key conduit for Myanmar's military regime and its weapons purchases. (Photo by Myo Satt Hla Thaw/picture alliance via Getty Images)
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