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anti-money laundering

State bank to strengthen anti-money laundering efforts with new department

State bank to strengthen anti-money laundering efforts with new department

The Government announced the organisational changes of the State Bank of Việt Nam on Wednesday.
Agencies promote anti-money laundering in cryptocurrency transactions

Agencies promote anti-money laundering in cryptocurrency transactions

According to the United Nations Office on Drugs and Crime (UNODC), the total value of money laundering activities globally each year can be equal to 2-5 per cent of world GDP, equivalent to US$800 billion to $2 trillion.
Anti-money laundering bureau to be granted additional autonomy and power

Anti-money laundering bureau to be granted additional autonomy and power

Anti-money laundering should receive greater operational autonomy and independence, according to the State Bank of Vietnam (SBV).
SBV boosts anti-money laundering regulations

SBV boosts anti-money laundering regulations

New documents provide regulations on criteria and methods for assessing money laundering risks of reporting entities.
NA discusses bidding law, passes law on anti-money laundering

NA discusses bidding law, passes law on anti-money laundering

The Law on Bidding would be improved to convenience and openness for investors when making procurement of bidding packages but at the same time ensure strict management, prevent profiteering and corruption.
SBV governors reponse to questions on draft on anti-money laundering

SBV governor's reponse to questions on draft on anti-money laundering

A draft has been drawn up to amend the Law on Prevention of Money Laundering 2012. It is going through stages of scrutiny and debate in the National Assembly before becoming law.
Securities watchdog tightens cryprocurrency management

Securities watchdog tightens cryprocurrency management

The State Securities Commission (SSC) has required relevant companies and funds not to engage in any issuance, transaction or brokerage activities related to cryptocurrencies.
OCB puts into operation anti-money laundering system

OCB puts into operation anti-money laundering system

The Orient Joint Stock Commercial Bank (OCB) officially announced on Thursday it has put an anti-money laundering system meeting international standards into operation.
Bank, firms tackle money laundering

Bank, firms tackle money laundering

The Viet Capital Bank, the technology consulting firm Komtek Corporation and FircoSoft signed a cooperation agreement yesterday that would help the bank prevent money laundering and terrorism financing.
SBV tightens rules for foreign currency transactions

SBV tightens rules for foreign currency transactions

Financial institutions have to report international online transactions worth more than US$1,000, or the equivalent in other currencies, to the State Bank of Viet Nam''s (SBV) anti-money laundering department.
Banking agency to be upgraded

Banking agency to be upgraded

The Banking Supervision Agency under the central bank has been upgraded to a general department, with more duties and rights as of August 1, according to a newly issued decision.
Customer ID required for large value transactions

Customer ID required for large value transactions

Customers who make transactions of precious metals and stones valued at VND300 million (US$13,636) or more in a day must provide identification to credit institutions.
VN, Thailand fight money laundering

VN, Thailand fight money laundering

The State Bank of Viet Nam and Thailand''s Anti-Money Laundering Office have signed a Memorandum of Understanding on information exchange to fight money laundering.