On September 22, in Ho Chi Minh City, the Vietnam Banking Association and the Vietnam Blockchain Association jointly organized a conference on “Regulations on anti-money laundering and the role of anti-money laundering in cryptocurrency transactions”. The conference was broadcast online to 31 State Bank branches in southern provinces and cities.
In Phu Yen , representatives of the State Bank's provincial branch inspection and supervision and representatives of banks and people's credit funds in the province attended.
At the conference, delegates were informed by speakers about an overview of money laundering in electronic transactions; what is anti-money laundering in the cryptocurrency world and how it works; why does the cryptocurrency industry need to comply with anti-money laundering (AML) and know-your-customer (KYC)?... Delegates were also informed about some key contents of Decree 19/2023/ND-CP detailing a number of articles of the Law on Anti-Money Laundering and Circular 09/2023/TT-NHNN guiding the implementation of a number of articles of the Law on Anti-Money Laundering; and had their related questions answered.
Speaking at the conference, Mr. Nguyen Quoc Hung, Vice Chairman and General Secretary of the Vietnam Banking Association, said: The Law on Anti-Money Laundering was passed by the National Assembly and took effect from March 2023. Immediately after that, the Government issued Decree 19/2023/ND-CP detailing a number of articles of the Law on Anti-Money Laundering and the State Bank issued Circular 09/2023/TT-NHNN guiding the implementation of a number of articles of the Law on Anti-Money Laundering.
During the process of drafting laws, decrees and circulars, the Vietnam Banking Association has closely coordinated with the drafting unit, especially the Anti-Money Laundering Department (State Bank) to contribute comments, organize seminars and discussions with the participation of domestic and international economic experts. Therefore, the promulgated laws, decrees and circulars have many contents suitable to reality, helping relevant organizations and individuals to effectively implement them.
“In the context of increasingly deep integration in the international arena along with the explosion of information technology, in addition to the achievements, we have to face many forms, methods, and tricks of criminals to carry out money laundering that are increasingly sophisticated and complicated, especially in the field of digital currency, virtual currency (cryptocurrency) where the legal corridor is not yet fully completed. In particular, in recent years, cryptocurrencies have been used for payment, so it is not excluded that there is money laundering through transactions of this currency. Therefore, the conference will be an opportunity for management agencies, credit institutions, international organizations, and experts to exchange and update a lot of useful information, thereby implementing effective anti-money laundering activities in the coming time,” said Mr. Nguyen Quoc Hung.
.
LE HAO
Source
Comment (0)