Name | Postponing transactions |
---|---|
Description | When it is suspected that the customers’ transactions are activities of money laundering or financing of terrorism, the reporting entities must postpone the transactions for three working days and then report the cases to the Anti-Money Laundering Intelligence Office for consideration. |
Comments | - |
Validity From | 14-07-2014 |
Validity To | 31-12-9999 |
Reference | Article 29 |
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 |