Banks Face Scrutiny Over Myanmar Ties

Image copyright: AFP/Getty Images [via Myanmar Now]

The Spin


Pro-establishment narrative

As some nations have yet to impose sanctions on Myanmar's military junta, a few banks like ANZ and UOB remain legally allowed to transact with it. The West has and should keep building hurdles to increase reputational risks for those who insist on maintaining relations with the country's terrorism-funding regime.


Establishment-critical narrative

While some claim that financial sanctions won't affect humanitarian assistance in Myanmar, it's evident that the country's people will suffer the most from it. The economy has already faced a dire situation and being added to the Financial Action Task Force's blacklist can only shrink foreign investments, job opportunities, and trade.


Establishment split

CRITICAL

PRO

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