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NameDealings with corresponding banks
DescriptionFinancial institutions which maintain business ties or other similar ties with a corresponding bank must: Review the legal person status of the corresponding bank they are doing business with; Gather data on the nature of business operation of the corresponding bank; Assess the creditability, management and audit of the corresponding bank based on the data provided for the public; Assess the implementation of the campaign of AML/CFT of the corresponding bank; and Observe the law relating to the business relations with corresponding banks.
Validity From14-07-2014
Validity To31-12-9999
ReferenceArticle 26
Measure TypeAdministrative Requirements
Agency NameBank of the Lao PDR
Legal DocumentLaw on Anti-Money Laundering and Counter-Financing of Terrorism No. 50/NA, dated 21 July 2014
Related Procedures
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