Indonesia enhances vigilance against money laundering
Indonesian President Joko Widodo on Wednesday called on the Financial Transaction Reports and Analysis Center (PPATK) and related ministries to remain alert to new methods of money laundering, including those involving the cryptocurrency market.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore hands down first conviction in money laundering case
A Singaporean court sentenced Cambodian national Su Wenqiang to 13 months in jail after he pleaded guilty on Tuesday of money laundering.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Van Thinh Phat chairwoman accused of 'money laundering'
Real estate developer Van Thinh Phat chairwoman Truong My Lan has been accused of “money laundering” after using over VND304 trillion ($12.53 billion) she had appropriated from Saigon Commercial Bank (SCB) to buy properties and make money transfers abroad, according to the Ministry of Public Security.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former HCMC hospital director gets 21-year imprisonment for embezzlement
Former director of Ho Chi Minh City-based Thu Duc Hospital Nguyen Minh Quan, 50, was sentenced to 21 years in prison on Friday for embezzling VND102.5 billion ($4.22 million) in a bidding and money laundering scam.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam needs bold acts to exit int’l watch list of money laundering: deputy PM
Central agencies must do their best to get Vietnam off the monitoring list, aka grey list, of the Financial Action Task Force (FATF) in two years’ time, otherwise the country will face severe consequences, Deputy Prime Minister Le Minh Khai said.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Financial institutions ordered to report transactions from $17,000 to central bank
Financial institutions and institutions or individuals working in non-financial sectors must report transactions of VND400 million ($17,000) or above to the central bank from December 1 as part of the Law on Anti-money Laundering.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
US takes down $3 bln money laundering ring, charges Vietnamese operator
The U.S. Justice Department has taken down ChipMixer, a darknet cryptocurrency service, for laundering $3 billion worth of Bitcoin and charged Minh Quoc Nguyen, the Vietnamese operator of the ring.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Cash transactions worth from $12,600 must be reported to central bank
A customer's cash transactions worth VND300 million ($12,600) or more in a day must be reported to the State Bank of Vietnam (SBV), according to a draft prime ministerial decision.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Parliament to discuss amended oil & gas law, anti-money laundering bill
The National Assembly, Vietnam’s parliament, is scheduled to pass seven draft and amended laws at its October-November session, including an amended oil & gas law and one on money laundering.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
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