Keyword: "Law on Anti-Money Laundering"

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SBV Governor Pham Duc An presents a proposal on a draft law amending and supplementing a number of articles of the Law on the State Bank of Vietnam, the Law on Anti-Money Laundering, and the Law on Credit Institutions at the 16th National Assembly’s first extraordinary session on August 5 (Photo: VNA)

Legal amendments aim to strengthen banking, anti-money laundering framework

The Government said the amendments focus on urgent issues arising from the restructuring of the state apparatus, addressing legal bottlenecks in money laundering prevention and combat in line with recommendations from the Financial Action Task Force (FATF), the Asia/Pacific Group on Money Laundering (APG) and the Organisation for Economic Co-operation and Development (OECD), ahead of the OECD’s review in October 2026 and Vietnam’s eighth progress report to FATF slated for September.