Money laundering

Hong Kong customs arrests 7 for laundering $1.8 billion

14:51 | 23/02/2024 World Customs

VCN - Codenamed “Daybreak”, the operation was linked to a mobile app scam in India and two jewellery companies, the Customs and Excise Department revealed at a press conference on Friday.

New forms of money laundering have emerged, requiring to increase effectiveness in prevention work

13:58 | 26/12/2023 Finance

VCN - With new challenges in anti-money laundering activities, experts believe that it is necessary to improve mechanisms and regulations to better suit reality and improve implementation efficiency.

There should be regulations on virtual asset management, virtual money to prevent the risk of money laundering

08:53 | 06/11/2022 Headlines

Many National Assembly deputies suggested that there should be regulations on money laundering.

Defining responsibilities of Customs in anti-money laundering

08:29 | 23/10/2022 Customs

VCN - Chairman of the National Assembly Economic Committee Vu Hong Thanh suggested that responsibilities of Customs in preventing and combating money laundering should be considered carefully.

Customs and bank coordinate in preventing smuggling and money laundering

09:52 | 15/09/2022 Customs

VCN - The company revised the value of exported electronic products up to 10 times for tax evasion and misappropriation of VAT refunds worth about VND600 billion. During the investigation, the Banking Supervision Agency effectively supported Customs.

National action plan to tackle money laundering approved

15:50 | 22/08/2022 Headlines

Under the plan, ministries concerned will propose regulations on administrative fines related to virtual assets as well as enhance inspection in fields under their management.

Prevent money laundering risks through virtual money, virtual assets

13:36 | 29/05/2022 Finance

Money laundering is increasingly sophisticated with many new forms, especially those related to virtual money and virtual assets because this is a rapidly developing and complex field.

Customs smashes Hong Kong money-laundering ring accused of smuggling HK$166 million over world’s longest sea crossing

15:56 | 07/09/2021 World Customs

The case is said to be the first to involve bulk cash smuggling and the use of cross-border. couriers. Investigators suspect part of the cash was laundered through Macau casinos.

Vietnam resolved to fight money laundering, terrorist financing

14:42 | 09/11/2019 Finance

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.

Risk of money laundering in Vietnam at “average high” level

20:07 | 20/05/2019 Finance

The risk of money laundering in Vietnam is at “average high” level, and that of terrorist financing at “low” level, according to a recent report released by the State Bank of Vietnam (SBV).

Vietnam commits to fighting money laundering

16:47 | 10/07/2018 Finance

he 2015 penal code includes revised articles and supplements to fight money laundering, said Chief Justice of the Supreme People’s Court Nguyen Hoa Binh said at a workshop in the central city of Da Nang on July 9.

Receiving 239 reports of suspicious transactions relating to laundered money

13:06 | 31/05/2018 Finance

The State Bank has focused on building and completing the legal framework on money laundering prevention specifically the Law on Anti- Money Laundering 2012

An Giang Customs: Combating effectively against illegal transport of money and gold cross border

13:40 | 20/01/2018 Anti-Smuggling

In 2017, the Customs sector effectively implemented a plan for preventing money laundering in the management area.

Money laundering all too easy in Vietnam?

20:08 | 16/02/2017 Finance

Money laundering mostly goes unpunished in Vietnam because cash is the main form of payment and relevant legislation is murky.