Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.

Singapore reported on June 26 that it has seized 6 billion SGD (4.4 billion USD) linked to crime and money laundering since 2019.

Deputy Prime Minister Le Minh Khai has urged drastic measures to lift Vietnam out of the Financial Action Task Force (FATF)’s list of Jurisdictions under Increased Monitoring (grey list) within two years.

Cambodia’s draft law of anti-money laundering bill was approved on May 15 at the Council of Ministers meeting chaired by Prime Minister Hun Sen.

The Ministry of Construction has recently requested the Departments of Construction in cities and provinces to urge enterprises in the real estate sector to report suspicious transactions and cash transactions worth 300 million VND (13,000 USD) and above.

Cambodian authorities have recently discovered several illegal money transport cases with huge amounts through the country’s international airports.