On 29 July 2013, an instructive notice was issued by Bank of Lao PDR ("BOL") to commercial banks nationwide to strictly provide their banking services in line with the Governmental Decree on Anti-Money Laundering and Terrorist Financing.
As part of its effort against money laundering and terrorist financing transactions, BOL issued its Notice, number 498/CBM, to emphasize service restriction towards individuals and organizations whose names are recorded under the Specially Designated Nationals and Blocked Persons List of the US government and the List established and maintained by the 1267 Committee with respect to individuals, groups, undertakings and other entities associated with Al-Qaida.
- How-to guide How-to guide: How to navigate challenges relating to Source of Wealth and Source of Funds (UK)
- How-to guide How-to guide: How to file a Suspicious Activity Report under the Proceeds of Crime Act 2002 (UK)
- Checklist Checklist: Staff awareness and training to prevent money laundering and terrorist financing