Vietnam resolved to fight money laundering, terrorist financing

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.
Vietnam resolved to fight money laundering, terrorist financing ảnh 1At the working session (Source: baochinhphu.vn)

Hanoi (VNA)
– The Party, Government, ministries andagencies of Vietnam have high political resolve to realise the national actionplan on fighting money laundering and terrorist financing for 2015-2020, DeputyPrime Minister Vuong Dinh Hue said on November 8.

At a reception for a multilateral assessment delegation of theAsia-Pacific Group on Money Laundering (APG) in Hanoi, Hue said Vietnam’sAnti-Money Laundering Steering Committee met in early September to prepare forthe assessment.

He reported that the Supreme People’s Court has issued resolutionsguiding the implementation of the Penal Code’s articles on money laundering andterrorist financing, and the Government has also issued relevant decrees.

Hue briefed his guests on Vietnam’s fight against corruption with several bigcases, including those related to money laundering, brought to light.

The official expressed his hope that the APG’s assessment willhelp the country perfect and effectively operate its mechanisms for preventingand countering money laundering and terrorist financing.

Vietnam will continue to perfect it legal system, step upinternational cooperation, especially judicial assistance, and increase thecommunication work in this field, he said.

Head of the APG delegation David Becker lauded the Vietnamese side for its thorough preparations of documentsand coordination in the assessment.

The APG acknowledges the political determinationof the Vietnamese Party and State in combating corruption and money launderingcrimes, he said.

Vietnam is a member of the APG which is part ofthe Financial Action Task Force (FATF) - an independentinter-governmental body that develops and promotes policies to protect theglobal financial system against money laundering, terrorist financing and thefinancing of proliferation of weapons of mass destruction.

At the 20th Annual Meeting of the APG,member countries approved a plan on multilateral assessment of anti-moneylaundering and counter-terrorist financing in Vietnam from November 4-15./.


VNA

See more

Shah Alam (first left) President of the Communist Party of Bangladesh (CPB), presents flowers to Ambassador Nguyen Manh Cuong at the Homeland Spring programme in Dhaka (Photo: VNA)

Homeland Spring held for OVs in Bangladesh

The Vietnamese Embassy in Bangladesh hosted the “Xuan Que Huong” (Homeland Spring) programme in Dhaka on February 14, creating a warm and festive Tet atmosphere for the Vietnamese community in the South Asian nation.

Arrestees in the case (Photo: VNA)

Police bust international fraud ring, arresting 56 suspects

The criminal network orchestrated scams involving Bitcoin (BTC) investments through the UniSat app and fraudulent TikTok-related tasks. Operating across multiple countries, the scheme inflicted significant financial losses on numerous victims.