Laws on anti-money laundering in the banking and securities industries

Abstract

The financial and banking system always has many potential risks, especially money laundering is becoming a global problem and is often legalized by financial transactions. In Vietnam, although the law already has provisions on anti-money laundering in the banking and securities industries, there are still shortcomings that need to be improved. The article clarifies the risk of money laundering in the banking and securities industries as well as the characteristics of money laundering in these two industries; assessing those shortcomings and making recommendations to improve Vietnamese laws on preventing and combating money laundering in the banking and securities industries.