The Bank of the Lao held a review meeting on its 2024 work to monitor and inspect targets suspected of involvement in illegal foreign-currency exchange, alongside discussions on the direction of the work plan for the period ahead. The hybrid session brought together the Bank of the Lao’s Foreign Exchange Management Department, relevant departments and divisions, and regional branches, and included participation from the Economic Police Department. Discussions covered lessons learned and operational approaches for managing and addressing unlawful currency-exchange activity, including measures to respond to suspected targets showing foreign-currency financial transaction movements that do not comply with the law.
Bank of the Lao 2025-01-29
Bank of the Lao reviews 2024 monitoring of suspected illegal foreign-currency exchange and discusses the forward work plan
The Bank of the Lao conducted a review meeting on its 2024 efforts to monitor and inspect targets suspected of illegal foreign-currency exchange. The session involved the Foreign Exchange Management Department and other relevant entities, focusing on lessons learned and strategies to address non-compliant foreign-currency transactions.