Hong Kong/Bangkok CNN —International banks are playing a significant role in the Myanmar military junta’s ability to carry out its systematic and deadly assault on its people, a new United Nations-backed report has found. Athit Perawongmetha/ReutersThe Thai connectionSingapore-based entities were Myanmar’s third largest source of weapons and military materials. In 2022, Singapore-based banks facilitated more than 70% of the junta’s purchases passing through the banking system. Looking for other financial institutions, the junta found neighboring Thailand. “Our banking and financial institutions follow banking protocols as any major financial hub.

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Persons: Tom Andrews, ” Andrews, Banks, ”, Athit Perawongmetha, “ Organizations: Bangkok CNN — International, United Nations, UN, Administration Council, SAC, “ Banking, Military Junta, States, Karen National Liberation Army, Siam Commercial Bank, CNN, Thailand’s Ministry of Foreign Affairs, Economic Bank Locations: Hong Kong, Bangkok, Myanmar, Singapore, Myawaddy, Thailand, Thai, Siam