The Anti Money Laundering Intelligence Office (AMLIO) of the Bank of Laos organised a workshop on Anti Money Laundering and Counter Financing of Terrorism (AML/CFT) at the Institute of Economics and Finance in Vientiane. ILSTA is supporting AMLIO in educating financial institutions, law enforcement officials and the general public on the crime of money laundering and in disseminating Laos’ AML/CFT law which was adopted in February 2015.
In June 2017 Laos was taken off FATF’s Grey List as a result of the high-level commitment of the Lao government and the progress made in regulatory reform to combat money laundering throughout the country. AMLIO is now undertaking Laos’ first National Risk Assessment (NRA) which will be completed in 2020/21.
ILSTA’s training materials and the dissemination of national legislation are an important step in countering money laundering in the country. These activities are supported by the Government of Canada and Ministry of Finance of Luxembourg.