Who are the members of the Anti-Money Laundering Steering Committee in Vietnam?

Who are the members of the Anti-Money Laundering Steering Committee in Vietnam? (Internet image)

Who are the members of the Anti-Money Laundering Steering Committee in Vietnam?

The content is specified in Decision 581/QD-TTg in 2022 on the establishment of the Anti-Money Laundering Steering Committee issued by the Prime Minister.

The Anti-Money Laundering Steering Committee is an inter-sectoral coordination organization that helps the Prime Minister direct and coordinate activities among ministries and branches in preventing and combating money laundering in the territory of Vietnam.

Composition of the Anti-Money Laundering Steering Committee in Vietnam

- Head of the Steering Committee: Deputy Prime Minister Le Minh Khai.

- Deputy Head of the Steering Committee:

+ Standing Deputy Head: Governor of the State Bank of Vietnam;

+ Deputy Head: Leader of the Ministry of Public Security.

- Member:

+ Invite 01 leader of the Supreme People's Court;

+ Invite 01 leader of the Supreme People's Procuracy;

+ Leaders of agencies: Government Office; Department of Defense; Judicial; Foreign Office; Ministry of Home Affairs; The financial; Ministry of Industry and Trade; Ministry of Planning and Investment; Ministry of Information and Communications; Ministry of Construction; Government inspector; Committee for Management of State Capital at Enterprises.

Duties and powers of the Anti-Money Laundering Steering Committee in Vietnam

The Anti-Money Laundering Steering Committee has the following tasks and powers:

- Help the Prime Minister direct the development of strategies, guidelines, policies, programs, plans, mechanisms, and solutions on money laundering prevention and combat.

- Help the Prime Minister direct, coordinate activities, urge, inspect, and evaluate money laundering prevention and combat in the territory of Vietnam.

- Help the Prime Minister direct the implementation of Vietnam's membership obligations in the Asia-Pacific Group on Anti-Money Laundering (APG) and a plan to fully implement the 40 Recommendations of the Financial Action Task Force on Money Laundering (FATF).

- Synthesize and report to the Prime Minister on the situation of anti-money laundering activities and the results of the implementation of the National Action Plan in each period and at the request of the Prime Minister.

- Perform other tasks assigned by the Prime Minister.

Organization and operations of the Anti-Money Laundering Steering Committee

- The Head of the Steering Committee promulgates the Regulations on the organization and operation of the Steering Committee.

- The State Bank of Vietnam is the standing agency assisting the Steering Committee, with the task of ensuring the Steering Committee's activities.

- Assisting the Steering Committee is the Standing Assisting Group established and managed by the Governor of the State Bank of Vietnam, with members including representatives of ministries and branches whose members participate in the Steering Committee mentioned in Article 2 of Decision 581/QD-TTg.

Organization and operation of the Anti-Money Laundering Steering Committee and the Standing Support Team

- Agencies with members participating in the Steering Committee mentioned in Article 2 of Decision 581/QD-TTg shall send a document to the State Bank of Vietnam to nominate members to participate and notify them when there is a change in members of the Steering Committee and the Standing Team assisting the Steering Committee.

- Members of the Steering Committee and Standing Support Team work on a part-time basis.

- Head of the Steering Committee for the use of the Prime Minister's seal.

Operating budget of the Anti-Money Laundering Steering Committee

Funding for the activities of the Steering Committee and the Standing Team assisting the Steering Committee is guaranteed by the state budget and is allocated in the regular operating budget of the State Bank of Vietnam and other legal sources.

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