money laundering

Update news money laundering

Drastic measures needed to remove Vietnam from money laundering grey list

Deputy Prime Minister Le Minh Khai has urged drastic measures to lift Vietnam out of the Financial Action Task Force (FATF)’s list of Jurisdictions under Increased Monitoring (grey list) within two years.

Refined laws required to combat laundering

Vietnam is working to implement anti-money laundering regulations within the crypto sector amid a global rise in digital assets.

Anti-money laundering bureau to be granted additional autonomy and power

Anti-money laundering should receive greater operational autonomy and independence, according to the State Bank of Vietnam (SBV).

VN central bank boosts anti-money laundering regulations

The State Bank of Vietnam (SBV) has issued a circular guiding certain provisions of the Law on Money Laundering Prevention and Control.

Trial on Alibaba Company’s scam, money laundering begins

The People's Court of HCM City, on the morning of December 8, opened the Court of First Instance on the case of fraudulent appropriation of property and money laundering at Alibaba Real Estate Joint Stock Company, referred to as Alibaba Company.

Hanoi police prosecutes 10 in connection with cross-border money laundering case

The case is believed the biggest of its kind solved by Vietnamese police so far.

Three officials detained, investigated in Nhat Cuong Mobile case

The Investigation Police Agency  has launched legal proceedings against former deputy director of Hanoi Planning and Investment Department and two other defendants for their crimes related to the case Nhat Cuong Mobile.

Vietnam resolved to fight money laundering, terrorist financing

The Party, Government, ministries and agencies of Vietnam have high political resolve to realise the national action plan on fighting money laundering and terrorist financing for 2015-2020, Deputy Prime Minister Vuong Dinh Hue said on November 8.

Wanted tech firm director charged with money laundering

The Ministry of Public Security’s Investigation Police Agency has initiated criminal proceedings against the director of Nhat Cuong Company, a major mobile phone dealer in Hanoi, for alleged money laundering.

Sophisticated cyber crime on the rise in Vietnam

 VietNamNet Bridge – As reliance on information technology becomes ever more pervasive in society, cybercrime has grown rapidly both in quantity and sophistication in Vietnam, 

S Korea bans anonymous cryptocurrency trades

 South Korea is banning the use of anonymous bank accounts to make cryptocurrency transactions.

South America football corruption trial begins in New York

 The trial has begun in New York of three former South American football officials accused of corruption as part of a major US inquiry.

VN banks playing catch-up to online buyers

 VietNamNet Bridge – As the country moves toward deeper integration, banks are striving to improve their information and technology systems in order to catch up with new trends and to ensure customer safety.

Administrative violation sanctions in monetary and banking areas

 VietNamNet Bridge – Decree 96 supplements some new violations including those related to the regulations on shares and stocks; fees for provision of services; trustee, fiduciary and interbank activities; payments, cash management and treasury;


 Fruit, vegetable exports likely to earn 1.4 billion USD; Businesses still struggle to cut through red tape; Vietnam’s retail market sees bright prospect; Vinacomin; Mekong Delta agriculture attracts foreign investors


 Local banks urged to get tough on money laundering; Beer production continues to bubble; Boom in garment and textile exports to the US; Local banks fund PVD $160m to purchase oil rig

Suspected laundering tops $2.4b in 2012

 VietNamNet Bridge – The State Bank of Viet Nam has announced that it discovered transactions worth more than VND50.9 trillion (US$2.41 billion) last year that it suspects are related to money laundering.

State Bank tightens grip on gold market

 VietNamNet Bridge – The State Bank of Viet Nam has closely monitored gold bar transactions, especially those with great value, to better manage the market and watch for money laundering.

Cyber bank robbers stole $45 million: US

 Cyber thieves around the world stole $45 million by hacking into debit card companies, lifting withdrawal limits, and helping themselves from cash machines, US authorities said Thursday.

Several bank mergers to take place

VietNamNet Bridge – Many banks have brought forward merger plans at their annual shareholders’ meetings, including several obvious deals to be carried out soon.