Amend regulations on handling of money and assets related to terrorism

Accordingly, principles for the circulation suspension, blockade, sealing, temporary seizure and handling of money and assets related to terrorism and terrorist financing; and the establishment of a list of organizations and individuals related to terrorism and terrorist financing.

Besides, ensure compliance with the conditions, duration, sequence, procedures, authority, and forms as prescribed by law regulations and by treaties to which the Socialist Republic of Vietnam is a party.

The delay of transactions, blockade of accounts, temporary suspension of circulation, blockade, sealing, and temporary seizure of money and assets related to terrorism and terrorist financing as prescribed in this Decree shall be implemented without delay and without prior notice.
 

The criteria, procedures, processes, and standard forms used to establish and propose the establishment of the list of organizations and individuals related to terrorism and terrorist financing to the United Nations Security Council shall comply with the resolutions of the United Nations Security Council adopted under Chapter VII of the United Nations Charter and the laws on counter-terrorism of Vietnam.

Besides, financial institutions or organizations and individuals engaged in related non-financial sectors and trades shall regularly inspect and contrast customers, customer transactions, and parties related to customer transactions with the list of organizations and individuals related to terrorism and terrorist financing.

When there are grounds for suspicion or discovering that customers or parties involved in customer transactions are on the list of organizations or individuals related to terrorism and terrorist financing, or when there is reason to believe that the requested transaction is related to an organization or individual involved in activities related to terrorist financing, financial institutions or organizations and individuals engaged in related non-financial sectors and trades must immediately apply measures to delay the transaction.