Laos increases scrutiny of FIs post-FATF recommendations
Central bank pledges to work with foreign bodies on sanctions and transnational crime
Laos’s central bank has said it will step up scrutiny of financial institutions to prevent the circumvention of “international restrictive measures”, in line with recommendations made over recent months by the Financial Action Task Force (FATF).
The Bank of the Lao PDR launched an inspection and supervision programme today (November 5), initially targeting five lenders and ultimately covering all institutions under its supervisory remit throughout next year. “This work responds to evolving
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