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Viet Nam, Cambodia sign MoU to combat money laundering

Update: March, 29/2012 - 13:44

PHNOM PENH – The State Bank of Viet Nam and the National Bank of Cambodia will exchange information to combat money laundering and terrorism financing under a Memorandum of Understanding signed yesterday by Governor Nguyen Van Binh and his counterpart Chea Chanto in Phnom Penh.

The MoU noted that the two sides would carry out actions in the spirit of tightened co-operation and mutual benefit, contributing to the international community's determination to fight money laundering and financing of terrorism in the region and the world.

The co-operation is expected to facilitate experience exchange between the financial investigation agencies of both countries.

In a meeting earlier, the bank leaders exchanged economic information about their respective countries, and discussed supervision of the banking system and mutual co-operation plans.

The two leaders also witnessed the signing of a MoU on training and research co-operation in the banking and finance sectors by Viet Nam's Banking Academy and Cambodia's Banking Research Centre.

During the four-day visit to Cambodia, Binh will attend the ASEAN Central Bank Governors' Meeting and meet with the bank governor of Singapore. – VNS

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