On December 23, Deputy Prime Minister Nguyen Hoa Binh signed Official Dispatch No. 139/CD-TTg of the Prime Minister on strengthening the prevention and handling of fraudulent activities of appropriating assets using high technology in cyberspace.
The dispatch assigned the Ministry of Public Security to preside over and coordinate with the State Bank of Vietnam, the Ministry of Information and Communications and relevant ministries and branches to research and develop an inter-sectoral coordination model to quickly and promptly handle cases with signs of fraud and appropriation of assets using high technology in cyberspace.
Build a database of payment accounts and e-wallets suspected of being involved in illegal activities to promptly warn, prevent, stop, and recover assets (completed in the first quarter of 2025).
Direct the police of units and localities to improve the quality of crime prevention work, handle denunciations and reports of crimes, recommend prosecution, investigate and discover cases and incidents related to fraud and property appropriation.
The State Bank of Vietnam studies and proposes a roadmap for checking and comparing biometric factors for payment accounts and e-wallets that conduct payment transactions by electronic means.
Supplementing regulations on checking and comparing biometric factors when opening a new account, changing information about identification documents, phone number to receive OTP code, device to perform Mobile banking transactions and withdrawing money directly at the transaction counter.
Research and propose amendments and supplements to legal regulations to handle acts of leasing, borrowing, buying, and selling bank accounts and e-wallets that violate the law; research and promulgate procedures for reviewing, identifying, and monitoring business accounts and transactions suspected of using criminal activities (to be completed in the first quarter of 2025).
Direct the system of commercial banks and payment intermediary service providers to complete the identification and authentication of customer information, resolutely eliminate accounts that are not in their own name and accounts with incorrect information.
Improve the effectiveness of coordination between the Ministry of Public Security and relevant ministries and branches in verifying, blocking accounts, and suspending transactions to promptly prevent withdrawals and transfers of money with signs of violating the law.
Proactively detect, exchange, and provide the police with information about payment accounts and e-wallets with suspicious transactions related to fraudulent property appropriation activities according to the provisions of law.
Apply biometric verification and verification of legal representatives for Internet Banking transactions of corporate accounts; research technical solutions to detect, classify, and warn accounts with transactions using IP addresses abroad.
Strengthen control of transactions related to "virtual" money; complete internal management processes to prevent bank employees from assisting fraudsters (to be completed in the first quarter of 2025).
The Ministry of Finance shall preside over and coordinate with relevant ministries and branches to accelerate the progress of building a legal framework for VAs and VASPs (virtual assets and virtual asset service providers) and demonstrate the implementation of the legal framework.
Proposing the Supreme People's Court and the Supreme People's Procuracy to study and provide guidance on the collection of evidence related to high-tech crimes in cyberspace.
Bring to timely and strict trial cases of particularly large scale, with victims from many localities, and cases where the subjects committed crimes outside of Vietnam's territory.
