Resolution issued to guide enforcement of law on money laundering

A new resolution has been published to ensure uniform implementation of the regulations against money laundering.
Resolution issued to guide enforcement of law on money laundering ảnh 1
Nguyen Hoa Binh, Secretary of the Party Central Committee and Chief Justice of the Vietnam Supreme People's Court, speaks about the new resolution. (Source:cafe.vn
)

Hanoi (VNA)
- A new resolution has beenpublished to ensure uniform implementation of the regulations against moneylaundering.

The Supreme People's Court and the State Bank of Vietnam held a joint seminar in Hanoi on May 31 to announce Resolution No03/2019/NQ-HDTP, dated May 24, 2019, of the judges' council of the Supreme People's Court, which guides the implementation of the2015 Penal Code’s Article 324 on money laundering.

The resolution will come into force on July 7.

Nguyen Hoa Binh, Secretary of the Party CentralCommittee and Chief Justice of the Vietnam Supreme People's Court, said the2015 penal code had amended and supplemented regulations on money laundering toremove obstacles to implementation.

However, after one year of theimplementation, there are still some unclear contents and more guidance isneeded, according to Binh.

In Vietnam, money laundering is a newtype of crime, but it is becoming more common and complicated in the era ofglobalisation and has begun to negatively affect the economy. Criminals haveused laundered cash to buy property, cars, jewels and other assets under otherpeople's names.

“Money laundering criminals often disguise illegalsources of money with sophisticated means," said Binh. "So,we need a law enforcement force with legal knowledge and a comprehensive legalsystem to fight the crime effectively."

Article 324 of the 2015 Penal Code defines moneylaundering behaviours as "disguising the legal origin of the money orproperty obtained through one's own criminal activities or that one knows to beobtained via another person's criminal activities."

The release of the new guidance showed Vietnam'scommitment to the international community in the work of combating moneylaundering and terrorist financing, Binh said.

Previously, most of the regulations focused oncrimes such as corruption, embezzlement or drug trafficking, all of whichcould lead to money laundering because if criminals wish to use theillegal assets, they need to remove traces of criminal activity.

Now, these criminals will be prosecuted for theirinitial crime and then be prosecuted again for money laundering.-VNA 
VNA

See more

Authorities search for missing victims at the site of a work accident at Dak Mi 1 Hydropower Plant in the Central Highlands province of Kon Tum in December 2024. (Photo: VNA)

Economic losses from workplace accidents increase by 1 billion USD

Data from the Ministry of Labour, Invalids and Social Affairs on workplace accidents in 2024 revealed that last year, there were 8,286 workplace accidents across the country, an increase of 892 cases from 2023, resulting in 8,472 victims, an increase of 919 people.

At the groundbreaking ceremony. (Photo: laodong.vn)

Dak Lak to build nearly 4,300 homes for needy households

On March 2, the provincial Department of Public Security broke ground on the first home for the family of Y Than Ksor in Kmien village, Ea Drong commune, Buon Ho township. This marks the start of the province’s initiative to eliminate makeshift and dilapidated houses as part of a national campaign launched by the Prime Minister on October 1, 2024.

Senior Lieutenant General Hoang Xuan Chien (L), Deputy Minister of National Defense and Japanese Ambassador to Vietnam Ito Naoki visit models for explosive material signal processing at the Vietnam National Mine Action Centre. (Photo: VNA)

Japanese-funded bomb, mine clearance equipment project launched

Colonel Le Quang Hop, Deputy General Director of VNMAC, noted that the project includes the acquisition of four specialised pieces of equipment for mine clearance, as well as training and technology transfer. The initiative will provide hands-on training and technical guidance for VNMAC personnel on the latest demining technologies.

At the event (Photo: vnu.edu.vn)

Vietnamese, Chinese universities cooperate in AI research, development

The event served as an academic forum among researchers, education managers and lecturers from both countries. Discussions delved into how artificial intelligence (AI) can transform higher education, and explored solutions to ensure the sustainable and effective development of higher education systems in the modern era.

Motorcyclists cross the bridge. (Photo: VNA)

Long Bien Bridge set for renovation

The project aims to propose solutions to ensure the bridge’s structural safety and explore future uses once the railway line running across it is decommissioned.

Illustrative image

Vietnam, Cuba enhance medical cooperation in Angola

At the signing ceremony on February 28, Vietnamese Ambassador to Angola Duong Chinh Chuc expressed his belief that the partnership would open new avenues for professional exchange between Vietnamese doctors in Angola and their Cuban counterparts at Meditex.

Border guard examines a fishing vessel in Binh Hai commune, Binh Son district in Quang Ngai province. (Photo: VNA)

Quang Ngai to remove hundreds of unregistered fishing vessels

To date, Quang Ngai has 5,194 registered fishing vessels, with data regularly updated in the National Fisheries Database (VNFishbase). The provincial licensing rate for fishing activities has reached 81.94%, while 99% of local vessels required to install vessel monitoring systems (VMS) have complied.

Representatives from agencies in Hue city at a ground breaking ceremony for a project on eliminating temporary and dilapidated houses. (Photo: VNA)

A total of 351 communes free of temporary, dilapidated houses

From February 21-28, 7,540 temporary and dilapidated houses were renovated or replaced nationwide, bringing the total number of facilities improved under humanitarian policy to 115,481. Of these, 62,737 houses were inaugurated, while construction began on another 52,744.

Minsitry of Public Security on February 28 launches the National Aviation Security Centre. (Photo: VNA)

National Aviation Security Centre launched

The Ministry of Public Security (MPS) held a ceremony in Hanoi on February 28 to take over the responsibility of ensuring aviation security and launch the National Aviation Security Centre.

A new house handed over to a needy family in Tay Ninh province. (Photo: ninhson.tayninh.gov.vn/)

Tay Ninh strives to eliminate temporary houses by Q2

In 2025, the southwestern province plans to rebuild or renovate 567 houses under its temporary housing eradication plan, including 443 new constructions and 124 repairs, with an estimated budget of over 44.8 billion VND (1.75 million USD).