Hoa Sen University Law Students Participate in Anti-Money Laundering Workshop

On July 22, 2023, Dr. Trinh Duy Thuyen, Director of Law, Faculty of Social Sciences and Law, Hoa Sen University organized for Law students to attend an Anti-Money Laundering Workshop organized by the State Bank of Vietnam, Ministry of Justice, and Federation Training Center. LSVN coordinated the organization.

The workshop was attended by Ms. Nguyen Thi Minh Tho, Deputy Director of the Department of Anti-Money Laundering (P2R) under the State Bank of Vietnam (SBV), and Ms. Nguyen Thi Nhu Trinh, in charge of anti-money laundering at Vietnam market of Citibank.

Ms. Nguyen Thi Minh Tho presented the 2012 Law on Prevention of Money Laundering and its guiding documents at the seminar. She said that money laundering is a dangerous crime that can cause many negative consequences for society, including loss of state assets, economic instability, and creating conditions for terrorist activities. terrorism and organized crime.

Ms. Nguyen Thi Minh Tho also emphasized the importance of money laundering prevention. She said all organizations and individuals with business and financial activities are responsible for preventing money laundering. She encouraged organizations and individuals to raise awareness about money laundering prevention and implement effective preventive measures.

In her sharing, Ms. Nguyen Thi Nhu Trinh introduced Citibank’s anti-money laundering model. She said, Citibank has applied a comprehensive risk management system to prevent money laundering. This system includes strict regulations, procedures, training, and controls.

Ms. Nguyen Thi Nhu Trinh also shared some experiences on preventing money laundering. She said that organizations and individuals need to focus on the following factors to prevent money laundering:

Raise awareness about money laundering prevention and implement effective preventive measures.

Train employees on anti-money laundering. Implement strict control of business and financial activities.

Comply with regulations on anti-money laundering.

The conference attracted the attention of many law students. Students had the opportunity to learn about the Anti-Money Laundering Law and effective prevention measures. The workshop raised students’ awareness of anti-money laundering and helped them equip the necessary knowledge to carry out this work in the future.