On November 14, Lam Dong Provincial People's Committee announced that it had just issued a document requesting departments, branches, localities and related organizations and individuals to immediately deploy money laundering prevention and control in the real estate business sector.
Accordingly, the Provincial Police are assigned to take the lead in preventing, fighting, stopping money laundering activities, and strictly handling criminal acts. From there, follow the cash flow related to real estate to completely recover the assets gained from the crime.
On that basis, a mechanism is developed to coordinate with agencies and organizations to exchange information in declaring and controlling assets and income of people with positions and powers.
At the same time, advise on handling individuals who are slow to declare, do not declare, do not declare honestly, and cannot explain the origin of additional assets.
The Department of Construction is assigned to guide and inspect the implementation of measures to prevent and combat money laundering at real estate trading floors.
Proactively coordinate with the State Bank - Branch of Region 10 to conduct risk assessments and implement measures to prevent money laundering in the real estate business sector.
The State Bank - Branch of Region 10 presides over and coordinates with relevant agencies to conduct assessments, supervision, and inspections on money laundering prevention and control in the fields of currency, banking and real estate.
The Provincial People's Committee also requested communes, wards and special zones to promote propaganda, dissemination and legal education on the Law on anti-money laundering in 2022 and related decrees.
In addition, exchanges, organizations and individuals practicing real estate brokerage must strictly implement regulations on money laundering prevention and control.
Thereby, perfecting the risk management process, classifying customers according to the risk level in accordance with the provisions of law.
