The Lao government has reaffirmed its commitment to strengthening anti-money laundering (AML) and counter-terrorism financing (CFT) measures as it works to exit the Financial Action Task Force (FATF) grey list.

Key Developments:

• Deputy Prime Minister Mr. Saleumxay Kommasith stressed the importance of implementing the FATF action plan in a timely manner
• The government highlighted connections between money laundering, terrorism financing, drug trafficking, arms trade, human trafficking, and corruption
• Laos established the Anti-Money Laundering Intelligence Office in 2007 and the National Committee for Anti-Money Laundering in 2014
• The country has signed multiple international treaties to strengthen legal cooperation

Despite these efforts, officials acknowledge that money laundering cases in Laos remain relatively limited compared to evidence suggesting more widespread activity.

A recent conference in Vientiane brought together representatives from government ministries, law enforcement agencies, judiciary, private sector, and financial institutions to enhance cooperation between all stakeholders.

Working together toward greater financial transparency and security in the region

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