Banks of Vietnam and Malaysia sign MUO fight Money Laundering
On October 7, 2009, the State Bank of Viet Nam (SBV) and Bank Negara of Malaysia signed a memorandum of understanding on the exchange of information on money laundering.
The deputy governor of the SBV, Tran Minh Tuan, spoke at the signing ceremony. He said the 2 sides are planning to co-operate in collecting, analysing and providing information on money laundering practices.
It is worth noting that Vietnam has been a member of the Asia-Pacific Group on Money Laundering since 2007, and the country’s efforts to struggle money laundering and terrorist financing had shown its commitments to the international community.
Tuan said, “We have been trying our best to promote international co-operation by exchanging information with other countries in the world, especially among the group members” and noted that the SBV highly appreciated the co-operation of Bank Negara Malaysia.
The signing of the memorandum of understanding is a significant step to strengthen the close co-operation between the 2 central banks.