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.
Vietnam has underlined the need to strengthen international and regional cooperation, prevent terrorist financing and help countries timely detect and stop terrorizing plots in responding to terrorism.
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 Party, Government, ministries and agencies of Vietnam have high political resolve to realise the national action plan on fighting money laundering and terrorist financing for 2015-2020, Deputy Prime Minister Vuong Dinh Hue said on November 8.
The Ho Chi Minh City Department of Construction (DoC) has asked real estate companies, brokers and trading floors in the city to strengthen preventive measures against money laundering and terrorist financing.
The Ministry of Construction has recently requested the Departments of Construction in cities and provinces to urge enterprises in the real estate sector to report suspicious transactions and cash transactions worth 300 million VND (13,000 USD) and above.
The State Bank of Vietnam (SBV) has warned Vietnamese credit institutions and foreign banks in the country to be cautious before working with peer-to-peer (P2P) lending companies as there are many risks related to the service.
The risk of money laundering in Vietnam is at “average high” level, and that of terrorist financing at “low” level, according to a recent report released by the State Bank of Vietnam (SBV).
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.
Singapore, on July 12, sentenced four Bangladeshis to between two and five years in jail after they pleaded guilty to raising money for an alleged terror plot in their home country.
Politics
