What is the latest form of request for assessment of counterfeit money and suspected counterfeit money in Vietnam according to Decree 87/2023/ND-CP?
- What is the latest form of request for assessment of counterfeit money and suspected counterfeit money in Vietnam according to Decree 87/2023/ND-CP?
- How long does it take for the assessing bodies to conduct assessment of counterfeit money in Vietnam?
- Vietnam: How to handle if the assessed currency is not counterfeit money?
What is the latest form of request for assessment of counterfeit money and suspected counterfeit money in Vietnam according to Decree 87/2023/ND-CP?
Pursuant to the regulations in Form No. 03 issued with Decree 87/2023/ND-CP, it is clearly stated that the form of fequest for assessment of counterfeit money and suspected counterfeit money has the following form:
Download the form of fequest for assessment of counterfeit money and suspected counterfeit money: here
What is the latest form of request for assessment of counterfeit money and suspected counterfeit money in Vietnam according to Decree 87/2023/ND-CP? (Image from the Internet)
How long does it take for the assessing bodies to conduct assessment of counterfeit money in Vietnam?
Pursuant to the provisions of Article 5 of Decree 87/2023/ND-CP stipulates as follows:
Assessment of counterfeit money, suspected counterfeit money
1. Determining legitimacy of currency shall conform to this Decree. Judicial expertise regarding Vietnamese currency shall conform to judicial expertise laws.
Agencies, organizations, and individuals requesting assessment of counterfeit money, suspected counterfeit money for the purpose of determining legitimacy of the currency shall produce request in accordance with Clause 2 of this Article and submit to assessing bodies of the Ministry of Public Security or the SBV.
The Ministry of Public Security and SBV shall assign individuals specializing in assessment of counterfeit money, suspected counterfeit money, prepare equipment, instruments, and other necessities for assessment of counterfeit money and suspected counterfeit money; publish list and address of assessing bodies on websites of the Ministry of Public Security and SBV.
2. Request for assessment consists of:
a) Form No. 3 under Appendix attached hereto;
b) Exhibits that are counterfeit money, suspected counterfeit money filed for assessment.
3. Assessing bodies shall conduct assessment within a maximum of 5 working days for each note or coin; if there are more than 20 notes or coins requested for assessment in a written request, the time limit for assessment shall not exceed 60 days from the date on which adequate documents according to Clause 2 of this Article are received.
If assessing bodies deem the assessment to take longer than the time limit mentioned above, assessing bodies shall notify requesting agencies, organizations, and individuals in writing.
4. Assessing legitimacy of coins in accordance with this Decree shall be conducted free of charge. Costs for judicial expertise regarding Vietnamese currency shall conform to judicial expertise laws.
5. In case of discrepancies between assessment results of assessing bodies, assessment results produced by the SBV shall prevail.
According to the above regulations, the time limit for assessment of counterfeit money is as follows:
- Assessing bodies shall conduct assessment within a maximum of 5 working days for each note or coin.
- If there are more than 20 notes or coins requested for assessment in a written request, the time limit for assessment shall not exceed 60 days from the date on which adequate documents.
Valid documents include:
- Form No. 3 under Appendix attached to Decree 87/2023/ND-CP;
- Exhibits that are counterfeit money, suspected counterfeit money filed for assessment.
Vietnam: How to handle if the assessed currency is not counterfeit money?
Pursuant to 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.
Accordingly, if the assessed currency is not counterfeit money, assessing bodies shall return exhibits to the requesting agencies, organizations, and individuals..
Decree 87/2023/ND-CP will take effect from February 2, 2024
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