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

Thursday, Nov 07, 2024

The Government announced the organisational changes of the State Bank of Việt Nam on Wednesday.

Property sector remains vulnerable to money laundering: SBV

Tuesday, Oct 15, 2024

Việt Nam''s property sector remains vulnerable to money laundering with the risk of money laundering activities in the sector being high, said the latest report by the State Bank of Vietnam (SBV).

Central bank promotes prevention of money laundering

Tuesday, Jan 02, 2024

The State Bank of Vietnam (SBV) has required relevant parties to strengthen the monitoring and reporting of transactions that are suspected of involving money laundering.

Agencies promote anti-money laundering in cryptocurrency transactions

Friday, Sep 22, 2023

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

Monday, Sep 11, 2023

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

SBV boosts anti-money laundering regulations

Monday, Aug 07, 2023

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

Tuesday, Nov 15, 2022

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

Wednesday, Nov 09, 2022

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.

HCM City to combat laundering in real estate

Saturday, Aug 31, 2019

The HCM City Department of Construction (DoC) has asked real estate companies, brokers and trading floors in the city to strengthen preventive measures against money laundering and terrorist financing.

Resolution to guide money laundering enforcement announced

Saturday, Jun 01, 2019

A new resolution has been published to ensure uniform implementation of the regulations against money laundering.

Risk of money laundering in Viet Nam assessed at ‘average level’

Thursday, May 16, 2019

The report said the risk of money laundering in the banking and real estate sector was at "a high level" as it accounted for almost 90 per cent of suspicious transactions

Securities watchdog tightens cryprocurrency management

Wednesday, Jul 25, 2018

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

Friday, May 26, 2017

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

Saturday, Nov 15, 2014

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

Friday, Nov 14, 2014

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.