Action plan issued to address money laundering, terrorist financing risks
Deputy Prime Minister Vuong Dinh Hue has signed a decision to promulgate an action plan to address money laundering and terrorism financing risks in the 2019-2020 period.
Illustrative image (Source: internet)Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue has signed a decision to promulgate an action plan to address money laundering and terrorism financing risks in the 2019-2020 period.
The plan aims to improve the mechanism of preventing and combating the phenomena in Vietnam as well as control and minimize the risks in the field based on the national risk assessment results in 2012-2017.
It will also serve the multilateral evaluation by the Asia/Pacific Group on Money Laundering (APG) of Vietnam’s anti-money laundering and terrorism financing mechanisms in 2019.
The action plan includes groups of measures related to the legal framework, powers and responsibilities of authorised agencies, domestic cooperation, inclusive financial products, and international collaboration.
Relevant ministries and departments are required to make annual reports about the implementation of the plan to the State Bank of Vietnam before the 10th day of March, September and November. The bank will report the outcomes to the Prime Minister.
The decision took effect from the signing day of April 30, 2019.-VNA
You should also see
PM urges stronger cooperation between Vietnamese, Chinese Ministries of Justice
Prime Minister Pham Minh Chinh has requested the Ministries of Justice of Vietnam and China to foster cooperation and mutual support, making them to be on a par with the height of the bilateral relations.
See more
Society
Hanoi’s virtual monthly passes help commuters travel with ease
Hanoi’s virtual monthly passes for public transport have been on offer for almost one month now, making travel more convenient for the city's commuters, reported the Hanoi Public Transport Management Centre.
Society
Overseas Vietnamese in Russia commemorate Hung Kings
Overseas Vietnamese in Russia on April 18 held a ceremony in Moscow to mark the death anniversary of Hung Kings, the legendary nation founders.
Society
Amended Land Law - breath of fresh air blown into real estate market: lawyer
The amended Land Law, approved by the National Assembly in January 2024, is expected to exert impacts on the business activities of overseas Vietnamese (OVs), including those in Australia., said a lawyer.
Society
Green growth – a pillar of Vietnam-Australia comprehensive strategic partnership
The Australian Government, through agencies and partners, have launched many official development assistance (ODA) projects in Vietnam, including those on climate change adaptation and clean energy infrastructure.
Society
Vietnamese in Thailand, Israel commemorate legendary nation founders
The overseas Vietnamese (OVs) communities in Thailand and Israel have held events to commemorate Hung Kings, the legendary founders of the nation.
