Vietnam, Thailand exchange information on anti-money laundering

The State Bank of Vietnam (SBV) and Thailand's Anti-money laundering Office (AMLO) signed here on Monday a memorandum of understanding on the exchange of information on anti-money laundering. According to SBV, the signed document will provide both sides with favorable conditions in collecting, analyzing and processing data in service of their prevention and fight against money laundering. International cooperation in the exchange of information is of extremely importance in deploying anti-money laundering activities. It will also contribute to consolidating and strengthening relations and bilateral cooperation between Vietnam and Thailand, said SBV deputy governor Dang Thanh Binh at the signing ceremony. As a member of the Asia-Pacific Group on Money Laundering (APG), Vietnam has been actively promoted cooperation and exchange of information on anti-money laundering with the group members, including Thailand, said the SBV official.