SBV promulgates plan on anti-money laundering and anti- terrorist financing

The State Bank of Vietnam (SBV) issued Decision No.378/QĐ-NHNN on March 8 to promulgate the plan on anti-money laundering and anti-terrorist financing in the banking sector from March, 2011 to December, 2012 (Hereinafter called Plan).

Accordingly, the Anti – Money Laundering Department of the SBV Financial Supervision Agency (FSA)  is responsible for compiling report on the implementation of the Plan of the relevant entities.

Moreover, the relevant entities are required to implement the tasks mentioned in the Plan, and send their quarterly reports to the Anti – Money Laundering Department of the FSA. This Decision took effect on the  date of signing.

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