APG backs VN’s anti-money laundering efforts

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According to the State Bank of Việt Nam (SBV), during a working visit to Việt Nam in early February, a high-level delegation of APG had working sessions with the SBV and relevant agencies on the implementation of the national action plan on fighting money laundering and terrorist financing.

APG experts recognized Việt Nam’s efforts in the field, in particular the legal documents guiding the fight, such as the Finance Ministry Circular 148/2010/TT-BTC dated September 24, 2010, the Construction Ministry’s Circular 12/2011/TT-BXD dated September 1, 2011 and the State Bank’s Circular 41/2011/TT-NHNN dated December 15, 2011.

They recommended that Việt Nam focus on issuing laws on preventing and fighting money laundering and terrorism, putting in place mechanisms to freeze funds that are used to finance terrorism, and boosting international cooperation./.