State Policy on Anti-Money Laundering

Thu Hien

21:25, 11/07/2024

The Anti-Money Laundering Law 2012 was enacted on June 18, 2012. The law consists of 5 Chapters and 50 Articles. Notably, it includes provisions on the State's policy on anti-money laundering.

To be specific, according to the provisions of Article 6 of the Anti-Money Laundering Law 2012, these contents include:

Firstly, the prevention and combat of money laundering is the responsibility of the State and state agencies. The State encourages domestic and foreign organizations and individuals to participate, cooperate, and sponsor activities in the prevention and combat of money laundering.

Secondly, protect the lawful rights and interests of organizations and individuals participating in the prevention and combat of money laundering.

Thirdly, promulgate policies to promote international cooperation in the prevention and combat of money laundering.

Fourthly, organizations and individuals with achievements in the prevention and combat of money laundering are commended by the State.

See more: Anti-Money Laundering Law 2012 effective January 1, 2013.

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