Myanmar Denies UN Report on Military Funding, Claims Compliance with Financial Regulations

Myanmar’s central bank has refuted a UN report alleging the military government’s continued access to funds and weapons for its ongoing conflict with anti-coup forces. The bank insists that financial institutions under its supervision adhere to prescribed procedures, asserting that transactions are solely for essential goods and necessities for civilians. The UN report, however, claims that while international sanctions have impacted the junta’s ability to procure military equipment, it still acquired significant amounts of weapons and related materials, with the assistance of international banks, including those from Thailand.

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