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| Name | Dealings with corresponding banks |
|---|---|
| Description | Financial institutions which maintain business ties or other similar ties with a corresponding bank must: Review the legal person status of the corresponding bank they are doing business with; Gather data on the nature of business operation of the corresponding bank; Assess the creditability, management and audit of the corresponding bank based on the data provided for the public; Assess the implementation of the campaign of AML/CFT of the corresponding bank; and Observe the law relating to the business relations with corresponding banks. |
| Comments | - |
| Validity From | 14-07-2014 |
| Validity To | 31-12-9999 |
| Reference | Article 26 |
| 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 |