The Asia-Pacific Group on Money Laundering (APG) is expected to complete its assessment report on Vietnam’s anti-money laundering and counter terrorism financing system by the end of the year, said the Deputy Governor of the State Bank of Vietnam (SBV).

Deputy Governor Tran Minh Tuan said the APG will hold direct working sessions with government agencies and ministries on building anti-money laundering policies and laws and State administrative management.

The APG will also work with financial institutions to assess the effectiveness of measures to prevent criminal financial transactions.

The SBV official said a positive assessment and rating by the APG will send a encouraging message to foreign investors about Vietnam’s investment environment, the transparency of financial transactions in the country and its healthy financial system.