Decree No.74/2005/ND-CP on Prevention and Combat of Money-laundering (2005)

Article 1. Scope of regulation This Decree provides for mechanisms and measures to prevent and combat money laundering in Vietnam in monetary or other property transactions; responsibilities of individuals, agencies and organizations for preventing and combating money laundering; and international cooperation in the prevention and combat of money laundering.

The Decree contains 6 Chapters and 26 Articles, covering the following:

1. Scope of regulation
2. Subjects of application
3. Interpretations of terms

4. Principles of prevention and combat of money laundering

5. Responsibilities for participating in the prevention and combat of money laundering

6. Individuals and organizations responsible for preventing and combating money laundering

7. General preventive measures

8. Client identification

9. Value levels of transactions subject to reporting according to regulations

10. Suspicious transactions

11. Provisional measures to be applied to preventing and combating money laundering

12. Forms and contents of reporting and supply of information
13. Processing of information
14. The anti-money laundering information center
15. Responsibilities of the Vietnam State Bank
16. Responsibilities of the Public Security Ministry
17. Responsibilities of ministries, ministerial-level agencies and Government-attached agencies
18. Responsibilities of ministerial inspectorates
19. Responsibilities of People’s Committees at all levels
20. Responsibilities of state agencies for international cooperation in the prevention and combat of money laundering
21. Forms and contents of requests for international cooperation in the prevention and combat of money laundering
22. Refusal of judicial assistance requests
23. Commendation
24. Handing of violations
25. Complaints, denunciations
26. Implementation effect
27. Implementation responsibilities

Decree No.74-2005-ND-CP on Prevention and Combat of Money-laundering (full text in English, PDF)