A Closer Look at Vietnam’s Anti-Money Laundering Law - ASEAN …
Jun 7, 2023 · Vietnam’s National Assembly approved its updated Anti-Money Laundering (AML) Law in 2022, which went into effect on March 1, 2023. The AML Law aims to prevent financial crimes, such as money laundering and corruption, and will enhance the transparency of Vietnam’s financial system.
Vietnam - Financial Action Task Force
Information concerning Vietnam's efforts to tackle money laundering, terrorism financing and the financing of weapons mass destruction.
Vietnam: Anti-Money Laundering Law Takes Effect
May 4, 2023 · Vietnam’s new Anti-Money Laundering Law (Law No. 14/2022/QH15) took effect on March 1, 2023. The law was passed by the Vietnam National Assembly on November 15, 2022, to replace Anti-Money Laundering Law No. 07/2012/QH13. Highlights of the New Law.
AML/CFT regime effective in combating serious money laundering (ML) threats and vulnerabilities. b) Vietnam has a developing understanding of its ML and terrorist financing (TF) risks. In 2019 Vietnam finalised its first National Risk Assessment (NRA), which was supplemented by assessments
New Anti-Money Laundering Law: reason - change & improvement
Dec 4, 2023 · The SBV has proposed separating the Anti-Money Laundering Department (AMLD) from the Banking Supervisory Agency which will bolster the independence of AMLD as Financial Intelligence Unit (FIU) of Vietnam.
Anti-Money Laundering In Vietnam - Money Laundering - Vietnam - Mondaq
Jun 9, 2022 · According to the mutual evaluation report issued by APG in January 2022, Vietnam has about 4,100 law practising organizations and around 11,800 lawyers. No money laundering cases involving lawyers have been detected. The threat of money laundering in the legal profession is rated as low.
Anti-Money Laundering (AML) in Vietnam - Sanction Scanner
Oct 3, 2023 · Since March 1, 2023, Vietnam has put into effect the Anti-Money Laundering (AML) Law of 2022, which amends the 2012 law. This updated legislation brings significant changes to establish a more stringent AML framework.
AML/CTF compliance in Vietnam - Arctic Intelligence
In Vietnam, Law No. 14/2022/QH15, Decree 88/2019/ND-CP, and Circular 26/2021/TT-NHNN are fundamental regulations related to the prevention of money laundering and terrorism financing.
Guideline on New Anti-money Laundering Law in Vietnam
In an effort to mitigate money-laundering risks and further enhance the country’s capacity against money laundering, on 5 August 2022, the Vietnam Prime Minister issued Decision No. 941/QD-TTg on the national action plan on anti-money laundering, terrorism financing, and financing for proliferation of mass-destruction weapons.
Vietnam’s New Anti-money Laundering Legislation.
Sep 6, 2024 · Vietnam’s New Anti-money Laundering Legislation. Learn about Vietnam's updated Anti-Money Laundering Law, effective November 2022, outlining compliance for financial entities, reporting requirements, and enforcement by the State Bank of Vietnam.