VIENTIANE, March 25 (Xinhua) -- The Office of the Supreme People's Prosecutor of Laos, in partnership with the Lao central bank, hosted a national seminar aimed at strengthening the country's anti-money laundering (AML) and counter-terrorist financing (CTF) frameworks.
The seminar, held in Lao capital Vientiane from Tuesday to Wednesday, was attended by Lao Deputy Prime Minister Saleumxay Kommasith, government officials and representatives from various sectors, according to Lao National Radio.
The discussions focused on Laos' path to implement the Financial Action Task Force AML/CFT Global Standards for Supervision, Law Enforcement, the Judiciary, and Money Laundering Activities (MLA).
In his speech, Vice President of the Office of the Supreme People's Prosecutor of Laos Khamphet Somvorachit emphasized the seminar's aim to raise awareness about anti-money laundering and counter-terrorism financing efforts.
Also speaking at the event, Saleumxay urged participants to actively engage in research, share ideas, and apply the lessons learned to strengthen the fight against money laundering and terrorist financing.
He stressed that these crimes present serious threats to political stability, national development, and social security, fueling issues such as drug trafficking, arms smuggling, human trafficking, and corruption.
Saleumxay emphasized the need for greater cooperation to ensure long-term peace and stability in Laos. ■
