Regulation

    Social – Economic Development is the significant of preservation and development of the country, create favorable conditions for the growth of production capacity and build the strong market economy according to socialism and create a legislation of the people, by the people and for the people as the resolution of 8th and 9th congress and integration with international, Lao PDR accelerated to issue the Law on Anti Money Laundering and Combating Financing of Terrorism as it is crucial for the financial sector of the country to make legislation properly and consistent with international standard. Hence, Bank of the Lao PDR has worked closely with relevant authorities to create the law to implement the treaties which the Lao PDR is a party to.

    In 2014, National Assembly was adopted Law on Anti Money Laundering and Combating Financing of Terrorism No.50/NA dated 21 July 2014.