International Cooperation on Anti-Money Laundering

21:23, 11/07/2024

The Anti-Money Laundering Law 2012 was promulgated on June 18, 2012. One of the notable contents of this document is the regulation on international cooperation in anti-money laundering.

To be specific, according to the provisions of the Anti-Money Laundering Law 2012, international cooperation on anti-money laundering is carried out on the principles of respecting independence, national sovereignty, territorial integrity, equality, mutual benefit, and compliance with the laws of Vietnam and international treaties to which the Socialist Republic of Vietnam is a member.

The State facilitates the exchange of information and legal assistance in anti-money laundering.

Additionally, this Law stipulates the content of international cooperation in anti-money laundering, including:

Exchange of information and documents on anti-money laundering.
Identification and freezing of assets of individuals committing money laundering offenses.
Execution of legal assistance and cooperation in extraditing money laundering offenders.
Other cooperative contents regarding anti-money laundering.

The process, procedures, and methods of international cooperation in anti-money laundering are implemented according to international treaties to which the Socialist Republic of Vietnam is a member, international agreements that Vietnam participates in, and other relevant legal regulations.

This content is stipulated in Article 46, Article 47 of the Anti-Money Laundering Law 2012, effective January 01, 2013.

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