The Vietnam Banks Association (VNBA) the Company Data and Financial Indicators (Komtex), and Japan’s TIS Group co-organised the seminar.
Delegates examined issues related to the Law on Anti-Money Laundering and the State Bank of Vietnam’s recent anti-money laundering efforts.
Scholars highlighted major anti-money laundering priorities like understanding customers, training cadres, and monitoring and screening transactions.
Bank representatives shared their anti-money laundering experiences in the Republic of Korea and Japan and presented the application of technological solutions to the fight.
Deputy Head of the Anti-Money Laundering Department under the State Bank of Vietnam Nguyen Van Ngoc admitted Vietnam’s anti-money laundering campaign remains inadequate.
Applying advanced technology will be a major step towards correcting this deficiency, he said.