Internalisation of the provisions on money laundering of the United Nations Convention against Tranational Organised Crime

Abstract

This paper clarifies money laundering and money laundering crimes. It analyses the criminalisation of the acts of money laundering included in the United  Nations Convention against Transnational Organised Crime and assesses the advantages and limitations of the 2015 Criminal Code of Vietnam in internalising the related provisions of this Convention.  On that basis, the paper offers some recfommendations for improving the 2015 Criminal Code of Vietnam in this regard such as: inclusion of the signs of criminal purposes into the acts prescribed in Sub-Section b, Section 1, Article 324; limiting the scope of imposing criminal penalties on the acts of money laundering by restraining related original crimes or quantifying the minimum value of laundering property; and expanding the hidden objects which are not only the information but also the origin, the true nature, the location and the  process of movement of the property or the ownership of property or money.