Nghe An National Assembly Delegation collects opinions on the Draft Law on Deposit Insurance and the Law on Anti-Money Laundering

(Baonghean.vn) -On February 17, under the chairmanship of Comrade Pham Van Tan - Deputy Head of the Provincial National Assembly Delegation, the National Assembly Delegation of Nghe An province held a Conference to collect comments on the draft Law on Deposit Insurance (DIC) and the Law on Anti-Money Laundering. Comrade Dinh Thi Le Thanh - Member of the Provincial Party Committee, Permanent Vice Chairwoman of the Provincial People's Council attended.

In 1999, the Law on Deposit Insurance was enacted and put into operation with the aim of protecting the rights of depositors, contributing to ensuring the safe and sustainable development of the financial and banking system. However, after more than 10 years of operation, the Deposit Insurance needs to make innovations to comply with international practices, while also dealing with the high risks of the financial and banking system.

The delegates all agreed on the necessity of promulgating the Law on Deposit Insurance and focused on contributing opinions on: the operating model and supervisory function of the deposit insurance organization; applicable subjects; rights and obligations of deposit insured persons, deposit insurance participating organizations, deposit insurance organizations; types of insured deposits; deposit insurance fees; insurance payment limits; inspection and complaints about deposit insurance; state management of deposit insurance, deposit insurance organization model.

Comrade Pham Van Tan concluded: Most of the delegates' opinions closely followed the content suggested by the National Assembly Standing Committee. The Provincial National Assembly Deputies' Office will synthesize the opinions and complete the report to send to the National Assembly Standing Committee.

AboutThe draft Law on Anti-Money Laundering, consisting of 5 chapters and 50 articles, was included in the law-making program of the 12th National Assembly and was discussed at the recent 2nd session. At the working session, there were 8 opinions, of which the majority of delegates agreed with the name, scope of regulation, and structure of the Law. However, delegates suggested that the part "terrorist financing" should not be included in the name of the Law as well as specific regulations; clarify the methods and measures of money laundering, money laundering acts to finance terrorism; propose adding pawn services to the group of non-financial business sectors because this is one of the places where criminals launder money (mortgage criminal assets to get money); have regulations on the type of transactions with large assets and whether they should be regulated in the Law or under the Law; the role of information agencies and state management agencies of finance and banking in providing information to competent authorities to verify and investigate money laundering acts; More clearly define politically influential people and money laundering….

Regarding the model of anti-money laundering agency, there are two opinions: the state management agency for anti-money laundering should be located at the State Bank or the Ministry of Public Security; on the one hand, state management agencies such as the Securities Commission and banks have the main responsibility for prevention, while law enforcement agencies have an important position in the fight against money laundering, so they need to be institutionalized appropriately and compatible with the provisions of international law...

Concluding the working session, on behalf of the Provincial National Assembly Delegation, Comrade Pham Van Tan received comments and contributions to revise, synthesize and prepare for submission at the upcoming National Assembly session.

Thanh Duy-Nguyen Hai