Thai banks do not support arms procurement by Myanmar’s junta – TBA

[webfact]

The Thai Bankers Association (TBA), reiterated today that the association and its members conduct business with full accountability to their customers, society and the global community in accordance with human rights principles.

 

The TBA and the members also adhere to the law and regulations, under the supervision of the Bank of Thailand and the Anti-Money Laundering Office, according to the TBA’s statement.

 

The statement was issued in response to a report by the UN Special Rapporteur on Myanmar, which accuses Thai banks of being key players in the supply of funding for arms for the Myanmar military over the past year.

 

The statement insisted that each member bank has its own compliance unit, specialising in local and international regulations and banking business practices, as well as database of individuals, organisations and countries considered to be “high risk” or black listed, with which banks are forbidden to do business.

 

Full story: Thai PBS 2024-06-29

 

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[ChrisY1]

A very feeble attempt to wipe responsibility of Thailands banking facilities working with the Myanmar military.

Are the TBA saying ethics of Thai banks are squeeky clean?.....fantasy!

[JimHuaHin]

And it will snow in Bangkok today.

[fondue zoo]

Are you sure about that?

[hotchilli]

Just like the military aircraft given clearance by the government to Myanmar Generals, their spouses and sackfuls of money

[Andycoops]

Utter rubbish, Thailand has none nothing to halt the murder of Burmese citizens by the butchers in the Tatmadaw who the Thais consider as bretheren.

 

The usual Thai sitting on the fence handwringing, shrugging of shoulders continues daily.

 

Thailand's soft power is really marshmallow soft when it comes to making the right decisions for it's citizens and others .

[cncltd1973]

the rebels have a chance at winning back their country if Thailand doesn't interfere like this