The Cambodian Senate has approved the draft Law on Anti-Money Laundering and Combatting the Financing of Terrorism following its adoption by the National Assembly earlier this month.
The National Assembly of Cambodia on June 4 adopted two draft laws on anti-money laundering (AML) and counter-terrorist financing (CFT) and on combating the financing of weapons of mass destruction (WMD) proliferation.
Deputy Prime Minister Truong Hoa Binh, head of the Anti-Money Laundering Steering Committee, has urged the Ministry of Public Security to coordinate with the State Bank of Vietnam to provide information and data proving Vietnam’s priority to counter terrorism and terrorist financing.
The Anti-Money Laundering Steering Committee convened a meeting in Hanoi on September 3 to discuss activities serving the Asia-Pacific Group on Money Laundering (APG)’s upcoming mutual evaluation of Vietnam’s mechanism to fight money laundering and terrorist financing.
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 Asian-Pacific countries’ nomination of Vietnam as the only candidate of the region for a non-permanent seat at the United Nations Security Council (UNSC) for the 2020-2021 tenure reflects their high support for and trust in the country’s role and capacity, said Spokesperson of the Foreign Ministry Le Thi Thu Hang.
Vietnam was selected as the only candidate of the Asia-Pacific region for a non-permanent seat at the United Nations Security Council (UNSC) for 2020-2021 tenure at a monthly meeting of the Asia-Pacific Group at the UN on May 25.
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