Major international banks, including Australia’s ANZ, have continued to do business with a bank owned by Myanmar’s military administration despite its violent crackdown on anti-government protestors, according to an advocacy group and leaked documents.
ANZ, one of Australia’s “big four” banks, was used by Hong Kong-based insurer AIA to transfer funds to accounts operated by Innwa Bank, which is owned by military conglomerate Myanmar Economic Corporation (MEC), in August and September 2021, Justice for Myanmar said, citing leaked bank documents.