Experts from Vietnamese and Japanese financial institutions and banks gathered at a workshop in Ho Chi Minh City on June 18 to discuss how to prevent money laundering in Vietnam.
The workshop was jointly held by the Vietnam Banks Association (VNBA), the Company Data and Financial Indicators (Komtex) and Japan ’s TIS Corporation.
Participants at the event, themed “Challenges and approaches to anti-laundering solutions in Vietnam ”, discussed basic issues related to the Law on Anti-Money Laundering and the State Bank of Vietnam (SBV)’s performance of this task.
They highlighted major anti-money laundering priorities such as prevention process, understanding customers, transaction monitoring and screening and personnel training.
Bank representatives shared the anti-money laundering experiences of the Republic of Korea and Japan as well as the application of them in Vietnam .
Addressing the event, Nguyen Van Ngoc, head of the SBV’s anti-money laundering department, said that Vietnam ’s current anti-money laundering measures are yet to meet requirements.
The application of advanced anti-money laundering systems is seen as an effective solution to improve Vietnam ’s capacity in this field, he noted.-VNA
The workshop was jointly held by the Vietnam Banks Association (VNBA), the Company Data and Financial Indicators (Komtex) and Japan ’s TIS Corporation.
Participants at the event, themed “Challenges and approaches to anti-laundering solutions in Vietnam ”, discussed basic issues related to the Law on Anti-Money Laundering and the State Bank of Vietnam (SBV)’s performance of this task.
They highlighted major anti-money laundering priorities such as prevention process, understanding customers, transaction monitoring and screening and personnel training.
Bank representatives shared the anti-money laundering experiences of the Republic of Korea and Japan as well as the application of them in Vietnam .
Addressing the event, Nguyen Van Ngoc, head of the SBV’s anti-money laundering department, said that Vietnam ’s current anti-money laundering measures are yet to meet requirements.
The application of advanced anti-money laundering systems is seen as an effective solution to improve Vietnam ’s capacity in this field, he noted.-VNA
