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.
► Agreement On Know Your Customers and Customer Due Diligence No.01/NCC dated 15 January 2016
► Decision On Designate AML/CFT Supervisor for Security Exchange No.07/NCC dated 19 May 2015
► Decision on the Supervision of Money Value Transfer Service No 1058BOL date 05 December 2016.
► Regulation on the Reporting of Cash Transactions Report No 417BOL dated 05 June 2015.