Laos, South Korea enhance cooperation against money laundering, financing terrorism
The Anti-Money Laundering Intelligence Unit under the Bank of Laos and Korea Financial Intelligence Unit signed a memorandum of understanding to exchange information on preventing money laundering and the financing of terrorism.
The MoU was signed on 16 December in Vientiane between Director General of the Anti-Money Laundering Intelligence Unit under the Bank of the Lao PDR, Mr Phanthaboun Sayaphet and Commissioner of KOFIU Mr Lee Byung Rhae.
The event was witnessed by Deputy Governor of Bank of the Lao PDR Mr Sonexay Sithphaxay. A workshop on enhancing Anti-Money Laundering and Countering Financing of Terrorism cooperation between AMLIU and KOFIU was held following the signing ceremony.
