World Offshore Bank sets clear restrictions on any engagement with the defence sector, guided by international and regional conventions and agreements.
World Offshore Bank recognises that, in the interests of international order and the safeguarding of peace and security, the defence industry must be well-regulated, and limits should be imposed on the export activities of the industry.
Therefore, our Defence Sector Policy, while acknowledging the prerogative of democratic nations to purchase arms for self-defence, sets clear restrictions on any engagement with the defence sector.
We will only enter into an engagement if we are satisfied that the client operates with the sort of business and ethical integrity that we demand, and that it will not alter the original intended use of the arms or divert the arms to unauthorised users to perpetrate violent acts against humankind.
The Defence Sector Policy is guided by international and regional conventions and agreements on arms transfer, including the EU, Africa & Asia Code of Conduct on Arms Export.
In Thailand we have ended all our investment services related to companies involved in cluster weapons, anti-personnel weapons and biological and chemical weapons since April 2012. The international implementation is being prepared.