The Laos Anti-Money Laundering Intelligence Unit and the Korea Financial Intelligence Unit signed a memorandum of understanding with regards to anti-money laundering and combatting the financing of terrorism-
Effective from 1 July 2016, the New Penal Code1 criminalizes insurance fraud and holds both violating individuals and commercial legal entities liable.
Law No. 49/NA on Anti-Money Laundering and Combatting the Financing of Terrorism (“AML Law”), issued on 21 July 2014, took effect on 24 February 2015. The AML Law formulates the term, “reporting units”, which may consist of both “financial sector institutions” and “non-financial sector institutions”. “Financial sector institutions” include: commercial…
The National Assembly of Vietnam approved the new Enterprise Law to improve the legal framework for investment and corporate governance in Vietnam. It took effect on 1 July 2015. The new Enterprise Law introduces significant changes to the governance structure of companies.