The Vietnamese Government is determined to prevent and fight money
laundering and terrorist financing in line with international recommendations
and commitments, especially those of the Financial Action Task Force and the
Asia-Pacific Group on Money Laundering (APG).
Deputy Prime Minister Vu Van Ninh
made the affirmation at the 15th APG Typologies Workshop, which opened in Hanoi
on November 19.
Ninh said would apply synchronised measures to fight
money laundering and terrorist financing, including the building and completing
of legal frameworks to meet international standards.
Before entering APG, released the decree on anti-money laundering.
Since May 2007, when Vietnam joined the group, the country has criminalised
money laundering and terrorist financing activities by including them in the
Criminal Code. In June 2012, the National Assembly adopted the law on
anti-money laundering, which will come into force on January 1, 2013.
David Shannon, APG Principal
Executive Officer, said APG encouraged its members to "chase" the
criminals behind the money in order to diminish their impacts on the economy
and society.
This year's workshop aimed to
unite countries in the Asia-Pacific region to fight against all types of
criminals and terrorism, he said.
Addressing the workshop, Governor
of the State Bank of Vietnam Nguyen Van Binh said money laundering and
terrorist financing were problems that threaten the transparency of the global
financial system. It was necessary to study all money laundering and terrorist
financing methods in order to complete the legal frameworks and make financial
policies to effectively fight against these types of criminals.
This year's workshop has also
attracted the participation of the private sector, demonstrating regular
co-ordination and information sharing between governments and financial
institutions.
The five-day event will also
review research on the risks of money laundering and terrorist financing from
designated non-financial sectors, implicit money transfer systems and corrupt
asset laundering.
Founded in 1997 in Bangkok, the
Asia-Pacific Group on Money Laundering is an autonomous and collaborative
international organisation with 41 members and a number of international and
regional observers.
VNA
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