CASH-BASED ECONOMY OFFERS POTENTIAL RICH PICKINGS IN VIETNAM AS REGULATIONS STRUGGLE TO KEEP THE LID ON ISSUES
November 1st, 2017
AS a developing country with a fast-growing, cash-based economy, Vietnam presents strong potential for money laundering and other financial crimes. Weak regulations and poor governmental oversight of the financial sector add to the challenges the country faces in combatting financial crimes.
According to the USA State Department’s International Narcotics Control Strategy Report (INCSR) Volume II from March 2017, Vietnam’s exposure to illegal financial activities will probably grow in the future as its economy continues to diversify and international trade ...
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