Customs strengthens anti-money laundering

	Defining responsibilities of Customs in anti-money laundering
	State bank issues circular to step up anti-money laundering efforts

Illegally transported foreign currency is detected and arrested by the Customs at Noi Bai International Airport, June 2023.

Based on relevant regulations, Plan No. 5311/KH-TCHQ dated December 8, 2022, of the General Department of Vietnam Customs and guiding documents, the General Department of Vietnam Customs requires units to perform the following tasks:

Firstly, local customs departments are responsible for collecting and storing information about individuals who enter or exit the country and carry foreign currency, Vietnamese-dong cash, precious metals, gems, and negotiable instruments in excess of the quotas or allowances imposed by competent state authorities, and he/she must declare these items to customs authorities as per the provisions of Clause 1, Article 35 of the Law on Anti-Money Laundering 2022, and provide this information to the State Bank upon request or when there is suspicion related to money laundering, terrorist financing or financing the proliferation of weapons of mass destruction in accordance with the provisions of Clause 2, Article 35 of the Law on Anti-Money Laundering 2022,

The second, continue to implement Plan No. 5311/KH-TCHQ dated December 8, 2022, of the General Department of Vietnam Customs on implementing Decision No. 2210/QD-BTC dated November 4, 2022, of the Minister of Finance Government issuing a plan to implement Decision No. 941/QD-TTg dated August 5, 2022 of the Prime Minister promulgating the Action Plan on anti-money laundering, combating terrorist financing and financing of the proliferation of weapons of mass destruction in the period 2021-2025.

The third, strictly implement the provisions of law and relevant guiding documents of the General Department of Vietnam Customs on anti-money laundering, combating terrorist financing and financing of the proliferation of weapons of mass destruction.

Notably, strengthen inspection and verification of money sources related to customs offenses to promptly detect, prevent, and handle violations; coordinate with enforcement forces of the Ministry of Public Security, State Bank, Ministry of National Defence... to strictly handle suspected cases involving money laundering, terrorist financing and financing of the proliferation of weapons of mass destruction.