SBV Issues Directive Circular on Anti-money Launderingc
Performing its central bank roles specified in the Law on Anti-money Laundering No. 07/2012/QH13 and the Law on Anti-Terrorism No. 28/2013/QH13, and based on Decision No. 964/QD-NHNN dated May 19, 2014 of the State Bank of Vietnam (SBV), on November 11, 2014, SBV Governor issued a circular on amendments and supplements to some articles of Circular 35/2013/TT-NHNN dated December 31, 2013 on anti-money laundering.
The amended circular modifies some provisions related to extra assessment methods applicable to high-risk customers; list of foreign individuals with high political influence; electronic money transfer reporting while adding regulations concerning assignment, auditing, training and retraining on prevention of money laundering and terrorist funding.
The amended circular, which takes effect on December 26, 2014, is applicable to State anti-money laundering agencies specified in Circular No. 35/2013/TT-NHNN dated December 31, 2013 on anti-money laundering.
Q.C
Vietnamese
