4 SUSPICION ACTIONS RELATING TO MONEY LAUNDERING AND TERRORISM FINANCING
On November 14, 2019, the Government issues the Decree No. 87/2019/ND-CP on amending and supplementing a number of Article of the Government’s Decree No. 116/2013/ND-CP of October 04, 2013, detailing a number of Articles of the Anti-Money Laundering Law.
Accordingly, organization, individual may be under suspicion of money laundering and terrorism financing if conduct one of the following actions:
First, to conduct or intend to conduct a transaction related to an organization or individual listed in relevant resolutions of the United Nations Security Council;
Second, to conduct or intend to conduct a transaction related to an organization or individual on a list of terrorist and terrorism-financing organizations and individuals made by another international organization or country and warned by the State Bank of Vietnam;
Third, to conduct or intend to conduct a transaction related to an organization or individual that has been convicted for the crime of terrorism or terrorism financing in Vietnam;
Fourth, to conduct or intend to conduct a transaction related to a terrorist or terrorism-financing organization or individual known to the reporting subject through other information sources.
This Decree also amends regulations on freezing of account, sealing or seizure of properties; beneficial owners; transitions related to modern technology...
This Decree takes effect from the date of its signing.
