Viet Nam makes strides in money laundering prevention

Saturday, Jul 06, 2013 12:05

Viet Nam has identified money laundering as a growing international problem. — Photo iitrade
(Biz Hub)Viet Nam will work alongside international partners to combat money laundering and the financing of terrorism, Minister of Public Security Tran Dai Quang has said.


The minister delivered a speech at the fourth Annual International Conference on Security Matters which opened on July 3 in Vladivostok, Russia, where participants discussed how to tackle financial fraud, drug and human trafficking, terrorism and traffic security.

Quang said Viet Nam has identified money laundering as a growing international problem, and the country has developed legal frameworks for combating this crime.

The country has set up a national steering committee for preventing and combating money laundering and terrorism financing together with specialized agencies to enhance its prevention and detection abilities. These agencies have discovered a number of cases in this field.

The minister a lso highlighted the initiatives made by the international community to stop these crimes.

Organised from July 3-4, the meeting attracted the participation of 60 international delegations and representatives from the United Nations.

The event helped to promote cooperation between law enforcement agencies from around the world.—VNA/VNS

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