The Vietnamese Government is determined to prevent and fight moneylaundering and terrorist financing in line with internationalrecommendations and commitments, especially those of the FinancialAction Task Force and the Asia-Pacific Group on Money Laundering (APG).
Deputy Prime Minister Vu Van Ninh made theaffirmation at the 15 th APG Typologies Workshop , which opened inHanoi on November 19.
Ninh said Vietnam willapply synchronised measures to fight money laundering and terroristfinancing, including the building and completing of legal frameworks tomeet international standards.
Before entering APG,Vietnam released the decree on anti-money laundering. Since May2007, when Vietnam joined the group, the country has criminalisedmoney laundering and terrorist financing activities by including them inthe Criminal Code. In June 2012, the National Assembly adopted the lawon anti-money laundering , which will come into force on January 1,2013, said the PM.
David Shannon, APG PrincipalExecutive Officer, said APG supports its members to “chase” the moneybehind the criminals in order to diminish their impacts on the economyand society.
This year’s workshop aims to unitecountries in the Asia-Pacific region to fight against all types ofcriminals and terrorism, he said.
Addressing theworkshop, Governor of the State Bank of Vietnam Nguyen Van Binh saidmoney laundering and terrorist financing are problems that threaten thetransparency of the global financial system. It is necessary to studyall money laundering and terrorist financing methods in order tocomplete the legal frameworks and make financial policies to effectivelyfight against these types of criminals.
This year’sworkshop has also attracted the participation of the private sector,demonstrating regular coordination and information sharing betweengovernments and financial institutions.
The five-dayevent will also review research on the risks of money laundering andterrorist financing from designated non-financial sectors, implicitmoney transfer systems and corrupt asset laundering.
Founded in 1997 in Bangkok, the Asia-Pacific Group on Money Launderingis an autonomous and collaborative international organisation with 41members and a number of international and regional observers./.VNA
Deputy Prime Minister Vu Van Ninh made theaffirmation at the 15 th APG Typologies Workshop , which opened inHanoi on November 19.
Ninh said Vietnam willapply synchronised measures to fight money laundering and terroristfinancing, including the building and completing of legal frameworks tomeet international standards.
Before entering APG,Vietnam released the decree on anti-money laundering. Since May2007, when Vietnam joined the group, the country has criminalisedmoney laundering and terrorist financing activities by including them inthe Criminal Code. In June 2012, the National Assembly adopted the lawon anti-money laundering , which will come into force on January 1,2013, said the PM.
David Shannon, APG PrincipalExecutive Officer, said APG supports its members to “chase” the moneybehind the criminals in order to diminish their impacts on the economyand society.
This year’s workshop aims to unitecountries in the Asia-Pacific region to fight against all types ofcriminals and terrorism, he said.
Addressing theworkshop, Governor of the State Bank of Vietnam Nguyen Van Binh saidmoney laundering and terrorist financing are problems that threaten thetransparency of the global financial system. It is necessary to studyall money laundering and terrorist financing methods in order tocomplete the legal frameworks and make financial policies to effectivelyfight against these types of criminals.
This year’sworkshop has also attracted the participation of the private sector,demonstrating regular coordination and information sharing betweengovernments and financial institutions.
The five-dayevent will also review research on the risks of money laundering andterrorist financing from designated non-financial sectors, implicitmoney transfer systems and corrupt asset laundering.
Founded in 1997 in Bangkok, the Asia-Pacific Group on Money Launderingis an autonomous and collaborative international organisation with 41members and a number of international and regional observers./.VNA
