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Thai banks ‘lack capacity’ to investigate all Myanmar deals

Bangkok Post LogoBangkok Post2w ago

Thai banks ‘lack capacity’ to investigate all Myanmar deals - Bangkok Post

Quick Summary:

Major Thai banks defended themselves on Thursday against criticism that they facilitated weapons purchases by the Myanmar junta, saying they lacked the capacity to investigate all transactions that might be used for such purchases.

Such transactions blunt global efforts to isolate Myanmar’s ruling junta, which is facing its biggest challenge since taking power in a 2021 coup, with an nationwide armed resistance gaining ground on multiple fronts and a wilting economy.

Material supplied to the Ministry of Defence in Myanmar by companies based in Thailand ranged from spare parts for helicopters and aircraft to dual-use goods such as radio communications and IT equipment, medical supplies, construction materials, tools, lubricants and oil.

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 16:32:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 561 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21573597

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About Bangkok Post

Bangkok Post Logo

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 1 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 22 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

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The story "Thai banks ‘lack capacity’ to investigate all Myanmar deals" was covered 2 weeks ago by Bangkok Post, a news publisher based in Thailand.

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Bangkok Post is a fully independent (privately-owned) news outlet established in 1946 that covers mostly economy and business news.

The outlet is headquartered in Thailand and publishes an average of 1 news stories per day.

It's most recent story was published 22 hours ago.

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  • URL: https://beamstart.com/news/thai-banks-lack-capacity-to-17206936765074

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