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MSN: Vietnamese Authorities bust sophisticated cross-border ML ring that processed $78.5m in illicit funds

by Jyotsna Bucktowar | Mar 4, 2025

A key revelation in this case is that a woman operated as the ringleader of a sophisticated ML network which was an uncommon occurrence in organized financial crime. She oversaw the transfer of US $78.5 million in illicit funds through 30 front companies and 150 bank...

Vietnamnet Global: Da Nang police have dismantled a US$1.3 billion ML operation, arresting suspects including a bank employee and seizing counterfeit documents and evidence

by Jyotsna Bucktowar | Jan 22, 2025

Da Nang police have uncovered a massive ML scheme, with T.Q.T., a 36-year-old from Hai Chau District forging IDs to establish 187 shell companies and open over 600 bank accounts. These accounts used to launder nearly 30 trillion VND ($1.3 billion) facilitated criminal...

World Bank debars HTC Construction and Advanced Technology Joint Stock Company for misleading bids and obstructing investigators

by Jyotsna Bucktowar | Oct 18, 2023

The World Bank debarred HTC for a period of 41 months, in connection with fraudulent and obstructive practices linked to multiple World Bank-financed projects in Vietnam. HTC misrepresented its financial statements and inflated the values of its past contracts to...

Vietnam joins Multilateral Convention to tackle tax evasion and avoidance

by AdrianaAMLP | Mar 22, 2023

The signing will pave the way for Viet Nam to engage in the exchange of information with 146 other jurisdictions, including all major financial centres. These exchange relationships will be added to over 8 000 exchange relationships already in place under the...

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