Following Myanmar’s 2021 coup, reports from the Business and Human Rights Resource Centre suggest that illegal rare earth mining under the control of the military junta has surged in the northern Kachin State. Despite reports of Human Rights Violations, violence, and pollution, Myanmar-mined rare earths have been linked to the supply chains of 78 major companies, and continue to be exported at growing volumes. The UK has since imposed sanctions on Myanmar mining enterprises for involvement in repressing the civilian population, links to the Myanmar Security Forces (MSF), and for funding the MSF through proceeds from mineral extraction.   However, the impact of sanctions remains to be seen, and a UN report from June 2024 reveals that the military junta has since changed the banks used to receive foreign revenue and purchase military equipment, following sanctions on military-controlled financial institutions. According to the UN special rapporteur on Myanmar, the military junta has also dramatically ramped up its use of other accounts in Thailand after authorities in Singapore started restricting its access. The ongoing Human Rights Violations committed by the military junta in Myanmar have led civil society groups to call for further government sanctions, as well as for FIs that hold correspondent accounts in Myanmar institutions under the control of the military junta to cease relations.