Deputy Prime Minister Ho Duc Phoc - Head of the Steering Committee for money laundering prevention and control signed Decision 71/QD-BCDPCRT amending and supplementing Decision No. 06/QD-BCDPCRT dated January 17, 2024 on promulgating the Regulations on the organization and operation of the Steering Committee for money laundering prevention and control.
Decision 71/QD-BCDPCRT amends and supplements Clause 8 and Clause 10, Article 7 of Decision No. 06/QD-BCDPCRT dated January 17, 2024.
In Clause 8 on the duties and powers of members is the Head of the Ministry of Finance.
a. Advising the Steering Committee on researching and developing policies, plans, programs, and measures to prevent and combat money laundering for activities managed by the Ministry of Finance, including: Securities, insurance, video games with prizes, lottery, casino, betting, tax, customs, accounting and auditing services.
b. Advising the Steering Committee on researching and developing policies, plans, programs, and measures to prevent and combat money laundering for investment activities under the management authority of the Ministry of Finance.
c. Advising the Steering Committee on reviewing and researching the amendment and supplementation of legal regulations related to business registration activities to prevent and combat the abuse of legal entities for money laundering.
d. Advising the Steering Committee to direct the research and development of policies, plans, programs, and measures to prevent and combat money laundering in the field of state capital management at enterprises.
In Clause 10 on the duties and powers of members, the leaders of the Ministry of Culture, Sports and Tourism are to advise the Steering Committee on organizing propaganda on the activities of the Steering Committee and on money laundering prevention and control.
In addition, Decision 71/QD-BCDCRT amended and supplemented Article 11, the Regulation on organization and operation of the Steering Committee for Money Laundering and Prevention of Money Laundering: The Steering Committee is responsible for reporting to the Prime Minister annually and irregularly at the request of the Prime Minister on the situation of the implementation of money laundering prevention.
The Steering Committee for tien bac prevention and control is responsible for assisting the Prime Minister in directing the development of strategies, policies, programs, plans, mechanisms and solutions on money laundering prevention and control; assisting the Prime Minister in directing, coordinating activities, urging, inspecting and evaluating money laundering prevention and control work in Vietnam.
At the same time, it will help the Prime Minister direct the implementation of Vietnam's membership obligations in the Asia-Pacific Group on Anti-Money Laundering (APG) and the plan to fully implement 40 recommendations of the Financial Assignment Force on Anti-Money Laundering (FATF).
Synthesize and report to the Prime Minister on the situation of money laundering prevention and control activities, the results of implementing the National Action Plan for each period and at the request of the Prime Minister and performing other tasks assigned by the Prime Minister.
