Regulatory Alerts2025-09-04
Added · Updated
Decree on Fines and other Measures Against Violation of Laws and Regulations on Anti-Money Laundering and Counter-Financing of Terrorism and Financing of Proliferation of Weapons of Mass Destruction
The Government of the Lao People’s Democratic Republic establishes fines and non-criminal measures for reporting entities, postal enterprises, natural persons, and legal persons violating anti-money laundering, counter-terrorist financing, and counter-proliferation financing regulations. Fines for reporting entities range from LAK 30,000,000 to LAK 500,000,000 for first violations, doubling for second violations and tripling for third violations, with specific daily penalties for late reporting or failure to report suspicious transactions. Violations related to terrorist financing or proliferation financing incur fines from LAK 300,000,000 to LAK 500,000,000, also subject to doubling and tripling for repeat offenses. Additional measures include warnings, suspension of operations, and revocation of business licenses, enforced by the Bank of the Lao PDR, the Anti-Money Laundering Intelligence Office, and designated supervisory agencies.
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