Criminalization and prosecution of money laundering in Vietnam: addressing shortcomings to strengthen commitments with the European Union

Hoa Nguyen Thi Phuong ()
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Hoa Nguyen Thi Phuong: Faculty of Criminal Law, Ho Chi Minh City University of Law

TalTech Journal of European Studies, 2025, vol. 15, issue 2, 8-24

Abstract: In 2023, Vietnam was added to the Financial Action Task Force and the European Union’s grey list due to specific deficiencies in its anti-money laundering framework, particularly in the criminalization and enforcement of money-laundering offences. This article undertakes a comparative analysis of Vietnam’s legal framework against international standards to identify existing limitations. Drawing upon statistical data and case studies, it examines the gaps in the prosecution of money-laundering offences. This research distinguishes itself by integrating European Union standards into the analysis, identifying previously unreported issues, while providing a comprehensive examination of the underlying causes of current challenges. Based on these insights, the paper proposes reforms to strengthen Vietnam’s criminalization and prosecution of money-laundering offences, thereby facilitating the country’s removal from the grey list.

Keywords: criminal offences; European Union; money laundering; prosecution; Vietnam (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:bjeust:v:15:y:2025:i:2:p:8-24:n:1002

DOI: 10.2478/bjes-2025-0017

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