Vietnam introduces special policies to strengthen anti-money laundering framework
Hanoi, July 27 -- The Vietnamese Government has issued a resolution introducing temporary special policies and mechanisms to address legal bottlenecks in anti-money laundering, aiming to meet urgent international commitments on the exchange of tax-related information upon request. Issued on July 24, Resolution No. 66.23/2026/NQ-CP amends and supplements a number of provisions in the 2022 Law on Anti-Money Laundering and related guiding documents. The revisions focus on key areas, including the definition of beneficial ownership, verification of customer information, transparency of legal arrangements, risk-based customer classification and the frequency of updating customer information. Under the resolution, reporting entities are require...
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