National action plan to tackle money laundering approved

Source: VNA

15:50 | 22/08/2022 Headlines Follow english.haiquanonline.com.vn on

Under the plan, ministries concerned will propose regulations on administrative fines related to virtual assets as well as enhance inspection in fields under their management.

National action plan to tackle money laundering approved

The national plan aims at building an effective mechanism against money laundering. — Photo for illustration vietnamplus.vn

Deputy Prime Minister Lê Minh Khái has signed a decision on the National Plan of Action on prevention and control of money laundering, terrorism financing and financing of the proliferation of weapons of mass destruction for the 2021-2025 period.

The overall aim of the plan is building an effective mechanism for the sake of peace, stability, development and integration, improving Việt Nam’s prestige and position in the international community and fulfilling Việt Nam’s responsibility for being a member of the Asia-Pacific Group on Money Laundering (APG).

It is to better protect the interests of the nation, organisations and inpiduals, strengthening stability of financial organisations, contributing to ensuring social security, safety and order, and promoting economic growth.

It advocates perfecting the legal framework and building relevant legal documents that match realities at home and meet international standards; improving the efficiency of assessing risks of money laundering, terror financing and financing of the proliferation of mass destruction weapons; and enhancing inspection toward taking a risk-based approach and continuing to strengthen investigation, prosecution, trials and reclamation of assets, especially in high-risk fields.

Under the plan, ministries concerned will propose regulations on administrative fines related to virtual assets as well as enhance inspection in fields under their management.

Source: VNA

vietnamnews.vn

Tags:

Money laundering money National action plan

Related News

Central bank sets rules on transfer of money abroad for sponsorship, assistance purposes

15:59 | 31/01/2023 Finance

The State Bank of Vietnam has issued new regulations on cases of purchasing, sending, and bringing foreign currencies abroad for sponsorship and assistance purposes of organisations.

National action plan to be built to implement circular economy

15:55 | 30/12/2022 Headlines

A national action plan will be built to implement a circular economy to promote the management and efficient use of natural resources and reduce environmental pollution amid climate change in Vietnam by 2030.

There should be regulations on virtual asset management, virtual money to prevent the risk of money laundering

08:53 | 06/11/2022 Headlines

VCN - On November 1, giving opinions on the draft Law on Prevention and Combating of Money Laundering (amended) at the 4th Session of the XV National Assembly, many National Assembly deputies suggested that there should be regulations on money laundering. More specifically and strictly defining issues related to transactions on online platforms as well as virtual currencies and virtual assets in order to prevent the risk of money laundering.

Defining responsibilities of Customs in anti-money laundering

08:29 | 23/10/2022 Customs

VCN - Chairman of the National Assembly Economic Committee Vu Hong Thanh suggested that responsibilities of Customs in preventing and combating money laundering should be considered carefully.

Latest News

Australian Governor-General wraps up State visit to Vietnam

13:53 | 06/04/2023 Headlines

Australian Governor-General David Hurley, his spouse and the Australian delegation left Ho Chi Minh City on April 6, wrapping up his State visit to Vietnam from April 3-6.

Vietnam active at UN Human Rights Council’s 52nd session

16:11 | 05/04/2023 Headlines

The Vietnamese delegation, led by Deputy Prime Minister Tran Luu Quang, made active contributions to the agenda of the 52nd regular session of the UN Human Rights Council (UNHRC) that concluded in Geneva on April 4.

Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM

16:09 | 05/04/2023 Headlines

Prime Minister Pham Minh Chinh affirmed Vietnam’s commitment to cooperation in building a prosperous, fair and healthy Mekong river basin while addressing the fourth Mekong River Commission (MRC) Summit in Vientiane, Laos on April 5.

Việt Nam, US hold 12th political, security, defence dialogue

14:15 | 03/04/2023 Headlines

They shared their determination to maintain cooperation in clearing mines and explosives, decontaminating dioxin, supporting war-affected people in Việt Nam.

More News

Private sector remains driving force for economy

14:11 | 03/04/2023 Headlines

The private business sector has been an important driving force of the economy and is expected to raise GDP contribution to 55% by 2025, a top economist told the second Private Economic Forum 2023 in Hanoi on April 2.

State visit to Vietnam by Australian Governor-General to deepen the two’s goodwill, trust: expert

14:10 | 03/04/2023 Headlines

The State visit to Vietnam by Australian Governor-General David Hurley at an invitation of President Vo Van Thuong will deepen the goodwill and trust for the mutual benefit of both countries, said Dr Suiwah Leung, Honourary Associate Professor at the Australian National University’s Crawford School of Public Policy.

Vietnam"s economy to grow by 6.6% this year: OECD

17:45 | 02/04/2023 Headlines

Vietnam's economy will grow by 6.6% this year and at a similar rate in 2024, according to a report released on March 31 by the Organisation for Economic Co-operation and Development (OECD).

Bright outlook for Vietnamese tourism in new situation

16:52 | 02/04/2023 Headlines

Vietnam’s tourism holds a lot of potential for development, especially in the context of new favourable factors, according to an article published on the website of Lianhe Zaobao newspaper.

Vietnam, US hold 12th Political, Security, Defence Dialogue

20:25 | 01/04/2023 Headlines

The 12th Vietnam-US Political, Security and Defence Dialogue was held in Washington D.C on March 30 under the co-chair of Vietnamese Deputy Minister of Foreign Affairs Ha Kim Ngoc and US Assistant Secretary of State for Political-Military Affairs Jessica Lewis.

Vietnam calls for comprehensive, all-society approach to waste management

14:32 | 31/03/2023 Headlines

Minister Counselor Le Thi Minh Thoa, Deputy Permanent Representative of Vietnam to the United Nations, has called for a comprehensive and all-society approach to sustainable waste management.

Many factors support foreign capital flow

13:40 | 30/03/2023 Headlines

Many factors are expected to draw cash flow back to the stock market, especially that from foreign investors.

Foreign SMEs pour capital into Vietnam

13:37 | 30/03/2023 Headlines

Foreign small- and medium-sized enterprises (SMEs) are paying much attention to Vietnam, given the fact that the number of under-1-million USD projects accounted for nearly 70% of the total number of foreign-invested projects registered in Vietnam in the first three months of this year.

Leaders of aviation firms to be disciplined if employees committed wrongdoings

15:38 | 29/03/2023 Headlines

The Civil Aviation Administration of Vietnam (CAAV) has just released Directive 1480 on enhancing smuggling and commercial fraud prevention among aviation employees.

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read