Laos

Sets the AML/CFT duties of reporting entities, including commercial banks (Art. 15): internal control and a compliance officer (Art. 17), customer due diligence (Arts. 19-24), record keeping (Art. 25) and suspicious transaction reporting (Art. 27). Art. 47 provides for AMLIO as the financial intelligence office. Dated 1 July 2024; Art. 59 gives 1 November 2024 as the date it takes effect.

Sets licensing for commercial banks (Arts. 8-13, including minimum registered capital of 1,000 billion kip for a bank and 600 billion kip of investment capital for a foreign bank branch), and makes the Bank of the Lao PDR the supervisor with inspection, early-intervention and resolution powers (Arts. 75-80, 100-106). Adopted 17 July 2023 (Resolution No. 89/NA); Presidential Decree No. 095/P of 30 August 2023; Art. 114 gives 15 September 2023 as the effective date.

Governs securities issuance, securities companies and markets under the Lao Securities Commission. It includes provisions on market manipulation (Art. 147), insider trading (Art. 148) and sanctions (Art. 202). Adopted 3 December 2019; promulgated by Presidential Decree No. 032/PO of 14 January 2020.

Sets out the rights and duties of the Bank of the Lao PDR. Art. 9 includes issuing regulations and licensing financial, banking, payment and foreign exchange businesses, Art. 10(8) requires it to supervise and inspect financial institutions and Art. 53 covers supervision of the payment system. Adopted 19 June 2018 and promulgated by Presidential Decree No. 206/P of 3 August 2018.