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Official Gazette

Monday, August 19, 2019
Tags: money laundering
Central bank puts forth tighter regulations on e-wallets Central bank puts forth tighter regulations on e-wallets
The State Bank of Vietnam has proposed stricter regulations on opening and use of e-wallets in a draft circular revising Circular 39 of 2014 on intermediary payment services, with the aim of preventing the abuse of the e-wallet business for money laundering and other illegal purposes.
Resolution guiding money laundering enforcement announced Resolution guiding money laundering enforcement announced
The Supreme People's Court and the State Bank on May 31 held a joint seminar in Hanoi to announce the Resolution guiding the implementation of the 2015 Penal Code’s Article 324 on money laundering.
Vietnam looks to develop cashless payment Vietnam looks to develop cashless payment
The State Bank of Vietnam is working to complete the legal corridor and build rational mechanisms to boost cashless payments, which helps prevent corruption, money laundering, and tax invasion.
Vietnam commits to fight money laundering Vietnam commits to fight money laundering
Chief Justice of the Supreme People’s Court Nguyen Hoa Binh said at a workshop in Da Nang on July 9 that some articles of the 2015 Penal Code regarding fighting money laundering are unclear, and guidance is needed to ensure the laws against money laundering are effectively carried out.
Corporate penal liability in Vietnam Corporate penal liability in Vietnam
The 2015 Penal Code marks a great progress in the country’s criminal justice by holding commercial legal entities liable for their criminal acts. Its novel provisions create a legal basis for the fight against criminal acts committed by commercial legal entities in recent years as well as for international cooperation on combating crime, especially transnational organized crime.
Cryptocurrencies to be strictly managed Cryptocurrencies to be strictly managed
To minimize risks of using cryptocurrencies for crimes, such as money laundering, terrorist financing, illegal transfer of money, tax evasion and trade fraud, the Prime Minister on April 11 issued Directive 10/CT-TTg to enhance the management of activities related to Bitcoin and other cryptocurrencies.
Notable changes in the new Penal Code at a glance Notable changes in the new Penal Code at a glance
This article summarizes significant changes in the 2015 Penal Code and its revisions in 2017, including penalizing commercial legal persons for committing certain crimes, scrapping the crime of illegally doing business, and criminally charging corruption-related offenders in the private sector.
The 2017 Fisheries Law and the fight against illegal fishing The 2017 Fisheries Law and the fight against illegal fishing
The 2017 Fisheries Law has provided a broad legal framework for enforcement and cooperation with regional countries and fisheries organizations in fighting illegal, unreported and unregulated (IUU) fishing. This article highlights the Law’s provisions to show Vietnam’s resolve in this fight.
Legality of cryptocurrencies in Vietnam remains unclear Legality of cryptocurrencies in Vietnam remains unclear
Bitcoin and other similar virtual currencies like ethereum, ripple and litecoin have become a hot topic among investors. But let’s set aside the worries and excitement and ask a question: are cryptocurrencies lawful in Vietnam?
Draft sets forth incentive policies for startups Draft sets forth incentive policies for startups
The Ministry of Planning and Investment has recently revealed a draft decree detailing creative startup investment, which is expected to create a legal framework and provide incentive policies for attracting more investment in this field.

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