This study critically examines Vietnam's anti-money laundering (AML) framework in the context of rapid fintech advancements. Using a doctrinal approach, the research identifies key gaps in the current legal regime, particularly in regulating fintech activities that enable money laundering. The findings reveal that, although Vietnam’s AML framework has strengths in addressing traditional financial crimes, it falls short in adequately preventing and monitoring illicit activities in the evolving fintech landscape. Moreover, the current regulatory approach risks stifling fintech innovation, creating a tension between promoting technological growth and ensuring financial security. Drawing on Malta's successful legal reforms, this study proposes targeted legal changes to enhance Vietnam's AML capabilities, ensuring the legal framework is both robust and adaptable to new high-tech financial crimes. These recommendations aim to strengthen Vietnam’s ability to combat emerging threats while fostering the responsible development of the fintech sector.
Dang et al. (Fri,) studied this question.