Legal amendments aim to strengthen banking, anti-money laundering framework
Hanoi, Aug. 5 -- The Government presented a proposal on a draft law amending and supplementing a number of articles of the Law on the State Bank of Vietnam, the Law on Anti-Money Laundering, and the Law on Credit Institutions at the 16th National Assembly's first extraordinary session on August 5, aiming to addressing legal gaps in anti-money laundering. The Government said the amendments focus on urgent issues arising from the restructuring of the state apparatus, addressing legal bottlenecks in money laundering prevention and combat in line with recommendations from the Financial Action Task Force (FATF), the Asia/Pacific Group on Money Laundering (APG) and the Organisation for Economic Co-operation and Development (OECD), ahead of the ...
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