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| Name | Responsibilities of reporting entities |
|---|---|
| Description | Reporting entities must undertake the following activities: Establishment of an AML/CFT Programme; Implementation of risk assessment and risk based approach ; Implementation of Know Your Customer measures;. Customer Due Diligence measures; Gathering detailed information on customers; Gathering information about customers’ transactions; Dealings with PEPs; Dealing with corresponding banks; Collect data on wire transfer; Data recordkeeping; Postponement of transactions; and Reporting; Suspicious transaction report; and Confidentiality. |
| Comments | - |
| Validity From | 14-07-2014 |
| Validity To | 31-12-9999 |
| Reference | Article 18 |
| Status | Active |
| Measure Type | Administrative Requirements |
| Agency Name | Bank of the Lao PDR |
| Legal Document | Law on Anti-Money Laundering and Counter-Financing of Terrorism No. 50/NA, dated 21 July 2014 |
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