Financial Crime World

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US Government Hands Over Technology to Laos’ Anti-Money Laundering Intelligence Office

On November 1st, 2018, the United States Government officially handed over technology and equipment to the Anti-Money Laundering Intelligence Office (AMLIO) of the Lao People’s Democratic Republic. The ceremony took place in Vientiane.

Improving IT Capabilities and Facilitating AML/CFT Efforts

The donated equipment includes:

  • Computers
  • Tablets
  • Printers

aimed at improving AMLIO’s IT capabilities and facilitating anti-money laundering (AML) and combating financing of terrorism (CFT) efforts. The project is implemented by the United Nations Office of Project Services (UNOPS) and supports:

  • International training for AMLIO technical staff
  • Legal support for drafting decrees and regulations
  • Consulting services from an IT expert specializing in financial intelligence units

Building Comprehensive, Convenient, Secure, and Prompt Systems

AMLIO has been busy disseminating manuals and training related to a new form for 42 commercial banks to build comprehensive, convenient, secure, and prompt systems. This effort aims to enhance the effectiveness of AML/CFT measures.

Additionally, AMLIO plans to continue disseminating its expertise and training to other Relevant Entities (REs) beyond the banking sector, further solidifying its position as a leading authority in the fight against financial crimes.

Sharing Expertise and Best Practices

In recent months, AMLIO has been actively engaging with international partners to share expertise and best practices. Notable examples include:

  • An official delegation from AMLIO visiting the Cambodian Financial Intelligence Units (CAFIU) in September 2018 to exchange knowledge on AML/CFT IT systems
  • A training course on “Upgrading Qualification of National AML/CFT System’s Experts” held in Moscow, Russia, from August 28-30, 2018

Strengthening International Cooperation

AMLIO has also been strengthening its international cooperation by participating in various regional and global forums. Notable examples include:

  • Hosting an Investigative Technique Workshop on Prosecuting Money Laundering and Financing of Terrorism" in Champasack Province, Laos in June 2018
  • Participating in the 2nd ad-hoc committee meeting on the National Risk Assessment (NRA) held in April 2018

Enhancing Capacity and Capability

The Deputy Director General of AMLIO, Mr. Chindamay VILAYHONGS, has been instrumental in leading these efforts. Under his leadership, AMLIO is well-positioned to continue enhancing its capacity and capability to combat financial crimes effectively.

The US Government’s technology handover and AMLIO’s ongoing efforts demonstrate the organization’s commitment to strengthening its capabilities and collaborating with international partners to prevent and combat money laundering and financing of terrorism.