Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.

The Paris-headquartered Financial Action Task Force (FATF) has removed Cambodia and Morocco from its grey list of high-risk countries for money laundering after the Southeast Asian nation had been listed since 2019.