Promulgated by the decision of Deputy Prime Minister Nguyen Van Thang, the program is part of the preparations for the 3rd multilateral assessment to be held in this capital in 2028 by the Asia-Pacific Group on Money Laundering (APG).

The Vietnamese government’s website informed that the Plan consists of two main parts: improving the legal framework and measures to increase the effectiveness of the fight against money laundering, terrorist financing, and the proliferation of weapons of mass destruction.

Regarding the completion of the legal framework, the draft calls for measures to address existing shortcomings in the criminalization of these offenses, asset confiscation mechanisms, preventive measures, and mutual legal assistance in criminal matters.

It specifically highlights the need to solve the deficiencies related to the recommendations of the Financial Action Task Force (FATF) identified following the multilateral review by the Parliamentary Political Action Group (PPAG) and when Vietnam was included on the FATF Grey List.

The Action Plan also calls for immediate measures to prevent the mobilization, transfer, and use of funds and assets to finance the proliferation of weapons of mass destruction, ensuring the application of appropriate and deterrent measures, and strengthening coordination mechanisms.

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