On October 15, at the Government headquarters, Deputy Prime Minister Ho Duc Phoc - Head of the National Steering Committee for anti-money laundering chaired a meeting of the Steering Committee for anti-money laundering.
In order to achieve the goal of completing the national action plan to remove Vietnam from the gray List, the State Bank's report specifically analyzed a number of objective and subjective reasons leading to shortcomings, thereby proposing a number of solutions to improve methods and results in the coming time.
The State Bank stated: At the time of the Steering Committee meeting on December 12, 2024 (Vietnam has just completed the report on the second period), the results achieved were "still very limited", only 1/17 actions were "partially completed"; 16/17 actions had no progress.
By today's meeting, after nearly 1 year of implementation (with 03 Development Reports), 12 actions had their assessment level been raised to "partial completion".
The State Bank proposes solutions to overcome the problem of adding human resources, enhancing training for cadres; on how to implement action plans; on collecting and providing data. To enhance the effectiveness of implementing action plans in the context of limited resources, a strategic roadmap is needed, in which resources are prioritized for implementing 3 groups of actions:
Group of actions related to the requirement to complete the legal framework (Action 12, Action 5); Group of actions likely to achieve a positive assessment if focused on handling (Action 1, 2, 7); Group of actions requiring results that can be qualified (Action 4, 11, 13,).
Concluding the meeting, Deputy Prime Minister Ho Duc Phoc emphasized that money laundering prevention and control is a regular task, of great importance, not only to prevent corruption, smuggling, and illegal acts but also to promote transparent and sustainable economic development.
The Government leaders requested the State Bank to absorb the opinions of the delegates at the meeting, complete the report ( highlighting the achieved results, with specific evidence, clarifying the tasks, solutions, work content, implementation progress, etc.) to the members of the Steering Committee and report to the Government leaders.
The Deputy Prime Minister requested ministries and branches to immediately prepare reports on the contents that have been implemented and the expected work to be carried out in the coming time according to the assignment of the Prime Minister, and clearly state specific solutions to the State Bank.
Focus on developing and perfecting legal documents on prevention and combat of money laundering, terrorist financing and sponsorship of the dissemination of weapons of mass destruction,
Deploy key tasks according to the set plan; at the same time, focus on implementing solutions to prevent and combat money laundering in transactions on real estate platforms, virtual currency platforms, etc.
The Deputy Prime Minister assigned the State Bank to coordinate with relevant ministries and branches to develop a communication program on money laundering prevention and control, promote the explanation and dissemination of the law, clarify which acts are allowed and which are not allowed to be done to raise awareness among the people.
