Law on anti-Money laundering and Counter-Financing of Terrorism
反洗钱与反恐怖融资法（修订版）
ກົດໝາຍວ່າດ້ວຍ ການຕ້ານ ການຟອກເງິນ ແລະ ການສະໜອງທຶນໃຫ້ແກ່ການກໍ່ການຮ້າຍ(ສະບັບປັບປຸງ)
Summary
This Law stipulates matters relating to anti-money laundering and counter-terrorism financing, aiming to prevent and combat money laundering and terrorist financing activities. This Law applies to institutions and individuals engaged in financial and related businesses within the territory of Laos, clarifies the duties of competent authorities, requires the fulfillment of obligations such as customer due diligence and transaction reporting, and prohibits facilitating the flow of illicit funds.
Articles
Article 1
Article 1 (amended)
Objective
This law sets the principles, regulations and measures relating to the management and
monitoring the prevention and combating money laundering and financing of terrorism in order to
make them efficient with an aim to combat, prevent, curb and eliminate such offences, create a
strong and sound economic and financial system, harmonious and orderly society, facilitate
regional and international integration, and to contribute to the national socio-economic
development.
Article 2
Article 2 (amended)
Anti-Money Laundering and Counter-Financing of Terrorism
The anti-money laundering and counter-financing of terrorism is an act of natural persons, legal
persons and organisations domestically and internationally that are directly tasked to finding, combating,
preventing, curbing, and eliminating money laundering and financing of terrorism which is an offence that
endangers national security, causes damages to the national socio-economic.
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