The State Bank of Vietnam’s Anti-Money Laundering Department and the Vietnam Border Guard Command signed a coordination protocol on exchanging and providing information, creating a formal channel to support investigations into suspected money laundering and the illegal cross-border movement of currency and assets. At the signing conference, SBV Deputy Governor Pham Tien Dung framed closer operational cooperation as part of Vietnam’s near-term objective of being removed from the Financial Action Task Force’s list of jurisdictions under increased monitoring. The conference also reviewed implementation of the existing cooperation framework, under which the Border Guard’s Department of Drug Prevention and Crime and the Anti-Money Laundering Department handled 56 requests to help verify transactions linked to suspected drug offences, smuggling and human trafficking, and to support money laundering-related enquiries referred by the Anti-Money Laundering Department. Recommendations included developing criteria to filter and prioritise suspicious transaction information for investigative use, conducting annual reviews of cooperation outcomes, expanding training and experience-sharing aligned with international standards, and using more flexible information-exchange channels in addition to written correspondence.
State Bank of Vietnam 2025-09-25
State Bank of Vietnam signs information-sharing coordination protocol with Vietnam Border Guard on anti-money laundering cases
The State Bank of Vietnam's Anti-Money Laundering Department and the Vietnam Border Guard Command signed a protocol to enhance information exchange for investigating money laundering and illegal cross-border asset movements. This cooperation aims to help Vietnam exit the Financial Action Task Force's increased monitoring list. The conference reviewed past cooperation, handling 56 requests related to drug offences, smuggling, and human trafficking, and recommended criteria development for prioritizing suspicious transactions and expanding training.