A recent United Nations-backed report has shed light on the crucial role played by international banks in supporting the Myanmar military junta's violent crackdown on its people. According to the report, Thai banks have emerged as the primary channel through which the military regime is procuring weapons and military supplies, including parts for helicopter gunships, to fuel its ongoing civil war.
Since seizing power in a coup in February 2021, the military junta has been engaged in a brutal conflict with ethnic armed groups and resistance forces across Myanmar. The escalating violence has resulted in the loss of thousands of civilian lives and the displacement of over 3 million people.