Decree 87/2023/ND-CP: What are the regulations on handling of assessment results of counterfeit money in Vietnam?
Decree 87/2023/ND-CP: What are the regulations on handling of assessment results of counterfeit money in Vietnam?
Pursuant to the provisions of Article 6 of Decree 87/2023/ND-CP stipulates as follows:
Handling of assessment results
1. Within a maximum of 2 working days from the date on which the assessment is completed, assessing bodies shall notify requesting agencies, organizations, and individuals of assessment results in writing.
If the assessed currency is not counterfeit money, assessing bodies shall return exhibits to the requesting agencies, organizations, and individuals.
If the assessed currency is counterfeit money, assessing bodies shall seize the exhibits and comply with Article 7, Article 8, and Article 9 hereof. If requesting agencies, organizations are police authorities, competent military authorities, customs authorities, People’s Procuracy, or People’s Court, assessing bodies shall return the exhibits to requesting agencies, organizations.
2. Within a maximum of 5 working days from the date on which assessment results are received, organizations requesting assessment of counterfeit money, suspected counterfeit money in accordance with Clause 2 Article 4 hereof shall notify agencies, organizations, and individuals possessing counterfeit money or suspected counterfeit money in writing and attach written notice on assessment results produced by assessing bodies. If the assessed currency is not counterfeit money, the exhibits shall be returned to organizations and individuals.
According to the above regulations, the handling of assessment results for counterfeit money is carried out as follows:
- If requesting agencies, organizations are police authorities, competent military authorities, customs authorities, People’s Procuracy, or People’s Court, assessing bodies shall return the exhibits to requesting agencies, organizations.
- If the assessed currency is counterfeit money, assessing bodies shall seize the exhibits and comply with Article 7, Article 8, and Article 9 of Decree 87/2023/ND-CP
Note: Within a maximum of 5 working days from the date on which assessment results are received, organizations requesting assessment of counterfeit money, suspected counterfeit money in accordance with Clause 2 Article 4 of Decree 87/2023/ND-CP shall notify agencies, organizations, and individuals possessing counterfeit money or suspected counterfeit money in writing and attach written notice on assessment results produced by assessing bodies.
Decree 87/2023/ND-CP: What are the regulations on handling of assessment results of counterfeit money in Vietnam? (Image from the Internet)
Which entity has the rigth to retain certain amount of counterfeit money as research materials in Vietnam?
Pursuant to the provisions of Article 7 of Decree 87/2023/ND-CP regulating storage, packaging, preservation, delivery, transport of counterfeit money as follows:
Storage, packaging, preservation, delivery, transport of counterfeit money
1. The Ministry of Public Security and the SBV shall retain certain amount of counterfeit money as research materials. Counterfeit money serving as research materials shall be classified, inventoried, monitored, and preserved adequately and safely during use. The Minister of Public Security and Governor of the State Bank of Vietnam shall decide on quantity, type, management and use of these materials.
2. Counterfeit money shall be classified, counted, arranged, packaged, preserved, and transported in a manner that ensures integrity, security, safety and prevents confusion. The delivery of counterfeit money shall be made in notes or coins, recorded using Form No. 4 under Appendix attached hereto and signed appropriately. SBV shall guide relevant agencies in packaging, preserving, delivering, and transporting counterfeit money within their functions and capacity.
According to the above regulations, the Ministry of Public Security and the SBV shall retain certain amount of counterfeit money as research materials.
Note: Counterfeit money serving as research materials shall be classified, inventoried, monitored, and preserved adequately and safely during use.
The Minister of Public Security and Governor of the State Bank of Vietnam shall decide on quantity, type, management and use of these materials
What are the procedures for counterfeit money submission in Vietnam?
Pursuant to the provisions of Article 8 of Decree 87/2023/ND-CP, there are provisions as follows:
Counterfeit money submission
1. Organizations and individuals in possession of counterfeit money shall submit counterfeit money to the nearest credit institutions, FBBs, the State Treasury, and SBV or police authorities, competent military authorities, customs authorities.
2. Submission of counterfeit money shall be recorded in writing which specifies type, quantity, denomination, and serial digits of counterfeit money using Form No. 4 under Appendix attached hereto.
3. Credit institutions, FBBs shall submit counterfeit money in accordance with regulations of the SBV.
Organizations and individuals in possession of counterfeit money shall submit counterfeit money to the nearest credit institutions, FBBs, the State Treasury, and SBV or police authorities, competent military authorities, customs authorities.
Decree 87/2023/ND-CP comes into force from February 2, 2024
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