The U.N special rapporteur for human rights in Myanmar has said the Bank of Thailand, commercial banks, and the anti-money laundering office are working on measures to stop the Myanmar Junta from acquiring weapons through Thailand’s banking system.
Tom Andrews the U.N. special rapporteur for human rights in Myanmar, said that some banks commercial in Thailand had aided Myanmar Junta’s by facilitating transactions that supplied military equipment to the Junta through the international banking system.
He called on the Bank of Thailand and financial institutions to do more to stop Myanmar’s junta acquiring weapons which they use on civilians to maintain power.
The special rapporteur was in Bangkok to address a parliamentary committee on security, he called on the Thai government to stop financial transactions that help supply weapons to Myanmar’s junta in line with a plan promoted by the Association of Southeast Asian Nations (ASEAN) that sets out an end to violence as a first step toward peace.
In his 2023 report “The Billion Dollar Death Trade,” Andrews noted that Singapore had implemented a clear policy opposing the transfer of weapons to Myanmar.
Thailand’s Banks Lacked Clear Policy
As a result, exports of weapons and related materials from Singapore-registered entities using the formal banking system dropped from almost U.S. $120 million in fiscal year 2022 to just over $10 million over the next 12 months.
However, he said Thailand had no explicit policy position opposing weapons transfer to the Myanmar Junta, which saw exports from Thai-registered entities more than double in 2023, from just over $60 million to nearly $130 million.
He called on Thai Government to conduct a thorough investigation into transfers as Singapore had done into its companies’ dealings.
Andrews told the the committee that five Thai commercial banks and Thai-based companies were assisting Myanmar’s junta obtain weapons, dual-technology items and jet fuel, enabling Military Junta to conduct atrocities against the people.
But said he had found no evidence that the Thai government was involved or was aware of the transactions or that Thai commercial banks had knowledge.
Banks Condemn Myanmar Junta Violence
Meanwhile representatives from Thailand’s central bank, anti-money laundering office and the commercial banks named in the report were also present at the parliamentary meeting at government house in Bangkok.
A representative of the Bank of Thailand said officials were working with the commercial banks and the anti-money laundering office to make sure that enhanced oversight was properly practiced.
The Thai Bankers Association that was also at the parliamentary meeting said it did not have the means to investigate and monitor such irregularities beyond Thailand’s borders.
Mr. Pongsit Chaichatpornsuk, a Thai Bankers Association representative told the committee that If government security agencies tell us, we will stop transactions. We don’t support arms procurement by Myanmar Junta or any military government to violate human rights.
Thailand, which shares a long border with Myanmar and hosts many thousands of refugees fleeing conflict there, has tried to promote dialogue between Myanmar’s military rulers and opposition forces but no progress has been made.
This Article was first published in RFA
Geoff Thomas is an award winning journalist known for his sharp insights and no-nonsense reporting style. Over the years he has worked for Reuters and the Canadian Press covering everything from political scandals to human interest stories. He brings a clear and direct approach to his work.
