Lemmy.World

166,328 readers
6,964 users here now

The World's Internet Frontpage Lemmy.World is a general-purpose Lemmy instance of various topics, for the entire world to use.

Be polite and follow the rules ⚖ https://legal.lemmy.world/tos

Get started

See the Getting Started Guide

Donations 💗

If you would like to make a donation to support the cost of running this platform, please do so at the following donation URLs.

If you can, please use / switch to Ko-Fi, it has the lowest fees for us

Join the team 😎

Check out our team page to join

Questions / Issues

Questions/issues post to
To open a ticket
Reporting is to be done via the reporting button under a post/comment.
Additional Report Info HERE
Please note, you will NOT be able to comment or post while on a VPN or Tor connection

More Lemmy.World

Follow us for server news 🐘

Chat 🗨

Alternative UIs

https://a.lemmy.world - Alexandrite UI
https://photon.lemmy.world - Photon UI
https://m.lemmy.world - Voyager mobile UI
https://old.lemmy.world - A familiar UI

Monitoring / Stats 🌐

Service Status 🔥

https://status.lemmy.world

Lemmy.World is part of the FediHosting Foundation

founded 1 year ago

ADMINS

Myanmar Generals’ Favorite Overseas Bank to Cut Ties Next Month: Report (www.irrawaddy.com)

submitted 1 year ago by [email protected] to c/world

0 comments fedilink

cross-posted from: https://lemmy.ca/post/3114002

Singapore’s United Overseas Bank (UOB) — which is known as the offshore bank of choice for Myanmar generals — has told Myanmar banks that it will cut off ties with them by September 1, Nikkei Asia reported on Wednesday.

It will also impose tough new curbs on Visa and Mastercard transactions by Myanmar individuals and banks, restricting their dealings to accounts within UOB.

The latest clampdown was also seen as a response to US pressure on Singapore to curb offshore banking and financial services for Myanmar’s military regime.

Myanmar Generals’ Favorite Overseas Bank to Cut Ties Next Month: Report (www.irrawaddy.com)

submitted 1 year ago by [email protected] to c/[email protected]

0 comments fedilink

cross-posted from: https://lemmy.ca/post/3114002

Singapore’s United Overseas Bank (UOB) — which is known as the offshore bank of choice for Myanmar generals — has told Myanmar banks that it will cut off ties with them by September 1, Nikkei Asia reported on Wednesday.

It will also impose tough new curbs on Visa and Mastercard transactions by Myanmar individuals and banks, restricting their dealings to accounts within UOB.

The latest clampdown was also seen as a response to US pressure on Singapore to curb offshore banking and financial services for Myanmar’s military regime.

Myanmar Generals’ Favorite Overseas Bank to Cut Ties Next Month: Report (www.irrawaddy.com)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

0 comments fedilink

Singapore’s United Overseas Bank (UOB) — which is known as the offshore bank of choice for Myanmar generals — has told Myanmar banks that it will cut off ties with them by September 1, Nikkei Asia reported on Wednesday.

It will also impose tough new curbs on Visa and Mastercard transactions by Myanmar individuals and banks, restricting their dealings to accounts within UOB.

The latest clampdown was also seen as a response to US pressure on Singapore to curb offshore banking and financial services for Myanmar’s military regime.