Legislators look into draft amended anti-money laundering law

Legislators scrutinised a proposal and a report on the draft Law on Money Laundering Prevention and Control (amended) as part of the 4th session of the 15th National Assembly (NA) in Hanoi on October 20.

Legislators look into draft amended anti-money laundering law -0
Governor of the State Bank of Vietnam Nguyen Thi Hong presents the Government’s proposal. Photo: Ho Long

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong presented the Government’s proposal, saying the amendment is necessary as it will help Vietnam fulfill its obligations in international treaties and commitments, while demonstrating the country as a responsible member in the fight against money laundering, terrorist financing, and the financing of proliferation of weapons of mass destruction in the region and the world.

The draft law comprises four chapters and 65 articles.

According to the report assessing the drat law presented by Chairman of the NA’s Committee for Economic Affairs Vu Hong Thanh, the committee agreed on the need to amend the law to fully institutionalise guidelines of the Party and the State, deliver on commitments under international treaties and agreements, and ensure security and safety of national finance and currency amidst complex developments of the world situation and the rapid development of science and technology.

Legislators look into draft amended anti-money laundering law -0
Chairman of the NA’s Committee for Economic Affairs Vu Hong Thanh.
Photo: Ho Long

The amendment also contributes to intensifying the effectiveness of the fight against corruption and other negative phenomena, the report says.

Earlier, the NA discussed the Government’s report on the implementation of the State budget in 2022, the state budget estimate and central budget allocation plan for 2023, and the 2023-2025 financial plan.

Politics-Diplomacy

Party leader meets former Singaporean Prime Minister
Politics-Diplomacy

Party leader meets former Singaporean Prime Minister

Party General Secretary To Lam and former PM of Singapore Lee Hsien Loong discussed ways to further deepen bilateral relations in this new phase of development, in line with the freshly established Comprehensive Strategic Partnership. This includes enhancing collaboration between the two ruling parties by promoting delegation exchanges and sharing experience in governance and national development.

Vietnam proposes key priorities for advancing gender equality
Politics-Diplomacy

Vietnam proposes key priorities for advancing gender equality

Sharing Vietnam’s achievements, Thanh noted that women account for nearly one-third of Vietnam’s National Assembly members; 40% of Vietnam’s STEM workforce is female; 26.5% of businesses in the country are owned by women; women account for 68.5% of the country’s labour force, surpassing the global average of 48.7% and 14.4% of Vietnam’s peacekeepers are women, higher than the UN average of 10.2%.

Party chief begins official visit to Singapore
Politics-Diplomacy

Party chief begins official visit to Singapore

This is the first visit to Singapore by To Lam in his position as the General Secretary of the Communist Party of Vietnam (CPV) Central Committee, marking a new milestone in bilateral relations, and demonstrating Vietnam’s special attention to elevating relations with Singapore to new heights, in line with Vietnam’s foreign policy.