Enhanced exchange of information on anti-money laundering in Vietnam

The Anti-Money Laundering Information Center of the State Bank of Vietnam (SBV) joined Interpol Vietnam of the Ministry of Public Security in signing the Coordinated Regulations on Exchange of Anti-Money Laundering Information in Hanoi on December 10.

Under the Regulations, the two sides have committed to exchanging information on money laundering in compliance with their functions, tasks and powers in order to fully and timely meet the requirements on anti-money laundering and anti-terrorist financing.

The signing ceremony is considered as a breakthrough and good practice of cooperation in anti-money laundering information exchange between the SBV and the relevant authorities.

Addressing the ceremony, SBV Deputy Governor Tran Minh Tuan stated that anti-money laundering and anti-terrorist financing are the common duties of all the relevant authorities. Especially, he added, it is of paramount importance for both the SBV as the lead agency in monitoring suspicious transactions through the banking system, and the Ministry of Public Security as the agency for law and against money laundering crimes.

At the ceremony, several representatives made presentations on the situation of anti-money laundering information exchange, possible methods of money laundering in Vietnam and solutions, international cooperation on anti-money laundering , and so on and so forth.

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