Thai police on March 22 announced that they had arrested 20 suspects, including five Indians and 15 Thais, for alleged involvement in a phone scam network preying on elderly Americans.
The Paris-headquartered Financial Action Task Force (FATF) has removed Cambodia and Morocco from its grey list of high-risk countries for money laundering after the Southeast Asian nation had been listed since 2019.
Prime Minister Pham Minh Chinh has signed Decision No. 64/QD-TTg dated February 8, 2023, promulgating the regulations on coordination among ministries, ministerial-level agencies, and governmental agencies in prevention and control of money laundering and terrorist financing.
The National Assembly (NA) adopted the revised Law on Money Laundering Prevention and Control and a resolution on promoting the implementation of policies and law on thrift practice and wastefulness prevention on November 15.
Lawmakers will vote to approve a number of important bills and resolutions on November 15 before concluding the fourth session of the 15th National Assembly (NA).
The draft revised laws on land, money laundering fight, and cooperatives and a bill on civil defence are under consideration at the ongoing fourth session of the 15th National Assembly (NA) on November 1.
Legislators scrutinised a proposal and a report on the draft Law on Money Laundering Prevention and Control (amended) as part of the 4th session of the 15th National Assembly (NA) in Hanoi on October 20.
Deputy Prime Minister Le Minh Khai has signed a decision on the National Plan of Action on prevention and control of money laundering, terrorism financing and financing of the proliferation of weapons of mass destruction for the 2021-2025 period.
Prime Minister Pham Minh Chinh on August 4 commended efforts by the banking sector in digital transformation with diverse products and services for people and businesses.
The State Bank of Vietnam (SBV) has given timely instructions to banks in order to prevent risks and acts that take advantage of virtual currencies in transactions, Deputy Governor Dao Minh Tu has said.
Vietnamese airlines were required to implement preventive measures against illegal trade and commercial fraud activities taking place among flight crews, per the latest directive from the Civil Aviation Administration of Vietnam (CAAV).
The Institute of State and Law (ISL) under the Ho Chi Minh National Academy of Politics and the American Bar Association held an international seminar on money laundering prevention and control in Hanoi on December 21.
The Monetary Authority of Singapore (MAS) announced on October 1 that it will launch a data and information-sharing platform, named Cosmic, to prevent money laundering, terrorism funding and proliferation financing.
The Governor of Bank Indonesia, Perry Warjiyo, and Managing Director of Brunei Darussalam Central Bank (BDCB), Rokiah Badar, have agreed to cooperate in combating money laundering and prevent the financing of terrorist activities in the payment system.
Audit firm Deloitte PLT agrees to pay the Malaysian government 80 million USD to resolve all claims related to its auditing of accounts of state fund 1MDB and its unit SRC International from 2011 to 2014, said Malaysia’s Ministry of Finance on March 3.
Indonesia’s Financial Transaction Reports and Analysis Centre (PPATK) has temporarily frozen bank accounts belonging to the recently banned Islam Defenders Front (FPI) and its affiliated groups on suspicion of money laundering.
Singapore will stop issuing 1,000 SGD notes from January 1 next year to reduce money laundering and terrorism financing risks, said the Monetary Authority of Singapore (MAS) on November 3.
The High Court of Malaysia has agreed to postpone Najib Razak’s 1Malaysia Development Berhad fund (1MDB) trial as the former Prime Minister is currently under 14-day home quarantine following his return from Sabah, the state with the highest COVID-19 tally in the country, on September 27.
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.
Malaysian government prosecutors on June 9 withdrew corruption charges against Musa Aman, a senior figure in the United Malays National Organisation (UMNO) of former Prime Minister Najib Razak, who related to the 1Malaysia Development Berhad (1MDB) fund.
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