The State Bank of Vietnam’s Anti-Money Laundering Department hosted a delegation from Indonesia’s Financial Transaction Reports and Analysis Center (PPATK) for technical assistance and experience sharing on implementing Vietnam’s action plan commitments to the Financial Action Task Force (FATF), and the two sides agreed a bilateral cooperation plan for the period ahead. Over more than three working days, PPATK experts outlined the agency’s structure and role and shared lessons from Indonesia’s work to address deficiencies against FATF Recommendations, including its 2005–2015 action plan to exit the FATF Grey List and steps taken to strengthen the legal and operational framework supporting full FATF membership. Discussions with SBV units and Vietnamese ministries covered further development of the anti-money laundering, counter-terrorist financing and counter proliferation financing framework, stronger domestic and international cooperation for information exchange and for detecting, investigating, prosecuting and adjudicating violations, risk-based AML and CFT supervision of credit institutions, and AML controls for virtual assets and virtual asset service providers. The meetings also exchanged approaches to preparing for Asia/Pacific Group on Money Laundering (APG) mutual evaluations, in the context of Indonesia’s 2023 evaluation and Vietnam’s planned evaluation in 2027. The cooperation plan focuses on technical assistance and advisory support for Vietnam’s FATF action plan implementation, preparation for the mutual evaluation process, enhanced information sharing and capacity building. SBV’s Anti-Money Laundering Department and PPATK have operated under an AML information-exchange memorandum of understanding since 2010.
State Bank of Vietnam 2025-08-01
State Bank of Vietnam agrees bilateral AML and CFT cooperation plan with Indonesia’s PPATK to support FATF action plan delivery
The State Bank of Vietnam's Anti-Money Laundering Department hosted Indonesia's Financial Transaction Reports and Analysis Center (PPATK) to share technical assistance and experiences on implementing Vietnam's FATF commitments. They agreed on a bilateral cooperation plan focusing on technical assistance, advisory support, and enhanced information sharing. Discussions included strengthening Vietnam's anti-money laundering framework and preparing for future mutual evaluations.