The State Bank of Vietnam (SBV) and Thailand’s Anti-Money Laundering Office (AMLO) signed a Memorandum of Understanding on information sharing to fight money laundering on July 22.

Speaking at the signing ceremony in Hanoi, SBV Deputy Governor Dang Thanh Binh said Vietnam has been promoting cooperation in the field with international partners, especially member countries of the Asia-Pacific Group on Money Laundering (APG).

According to Binh, the SBV thinks highly of Thailand’s anti-money laundering mechanism and activities, and the MoU is expected to facilitate the collection and processing of information in this field for both sides.

Meanwhile, AMLO Secretary General Seehanat said Thailand pays special attention to fighting money laundering crime. The country promulgated the Law on Anti-Money Laundering in 1999, he said, adding that a Law on Anti-Terrorism has also been enforced this year.

Seehanat suggested both sides tighten their cooperative ties, in order to effectively prevent and stop all money laundering activities.-VNA