To improve the effectiveness of Vietnam’s assessment and technical compliance reports in areas where the country currently falls short of Financial Action Task Force standards, Vietnam has been implementing a National Action Plan which aims to fulfil the Government’s commitments to preventing and combating money laundering, countering the financing of terrorism, and preventing the proliferation of weapons of mass destruction.
Therefore, on 20th September, the workshop “International experiences on preventing money laundering and terrorist financing according to recommendations of the Financial Action Task Force” co-organized by Konrad-Adenauer-Stiftung Vietnam and Department of Criminal and Administrative Legislation, Ministry of Justice provides an appealing platform for more than 140 delegates from central authorities, local law enforcement agencies, and foreign banks to share their experiences on money laundering and terrorist financing. Besides, we have the participation of German expert Nikolas Hecht (former criminal judge) from Federal Ministry of Finance to share German experiences in completing criminal law regulations and law implementation related to money laundering and terrorist financing. The workshop is held as part of the bilateral Rule of Law Dialogue Program for the 2022-2025 period between the Ministry of Justice of Vietnam and the Ministry of Justice of the Federal Republic of Germany.
Addressing at the workshop, Mr Florian Feyerabend, Resident Representative Vietnam stressed that the exchange of experiences among relevant functional institutions together with international partners will help Vietnam find solutions to perfect its criminal law, making it more effective in combating money laundering and terrorism, and improving its FATF evaluation.
