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VN, Cambodia fight money laundering

Vietnam and Cambodia have signed a memorandum of understanding (MoU) on the exchange of information in the fight against money laundering and terrorism financing.
Vietnam and Cambodia have signed a memorandum of understanding(MoU) on the exchange of information in the fight against moneylaundering and terrorism financing.

The MoU wasinked by Governor of the State Bank of Vietnam Nguyen Van Binh andGovernor of the National Bank of Cambodia Chea Chanto in Phnom Penhon March 28.

The cooperation will createconditions for the two countries’ financial investigation agencies tolearn experience from each other in tracking down, preventing andeliminating money laundering and financing for terrorists in theircountries.

The deal reflects the two countries’participation in international efforts to combat money laundering andterrorism financing activities.

The two sidesdiscussed measures to supervise the banking system and money launderingand terrorism financing activities as well as plans to strengthencooperation between the two central banks

The twoGovernors also witnessed the signing of a MoU on training and researchcooperation in the banking and financial sector between Vietnam ’sBanking Academy and Cambodia ’s Banking Research Centre.

During his visit to Cambodia from March 27-30, Governor Binh willattend the ASEAN Central Bank Governors’ Meeting, receive the Governorof Singapore’s Central Bank and visit branches of some Vietnamese banks.-VNA

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