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State Bank of Vietnam

Cập nhập tin tức State Bank of Vietnam

Legal amendments aim to strengthen banking, anti-money laundering framework

Legal amendments aim to strengthen banking, anti-money laundering framework

The Government said the amendments focus on urgent issues arising from the restructuring of the state apparatus, addressing legal bottlenecks in money laundering prevention and combat in line with recommendations from the Financial Action Task Force (FATF), the Asia/Pacific Group on Money Laundering (APG) and the Organisation for Economic Co-operation and Development (OECD), ahead of the OECD’s review in October 2026 and Vietnam’s eighth progress report to FATF slated for September.

Politics-Diplomacy

NA Standing Committee reviews central bank, anti-money laundering bills

According to the proposal, the SBV law amendments would codify existing foreign exchange rules by incorporating Article 22 of the Foreign Exchange Ordinance into law. The draft also revises the central bank’s special financial mechanism, shifting authority over its financial management regulations from the Prime Minister to the Government.