THE GOVERNMENT -------- | SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- |
No. 88/2019/ND-CP | Hanoi, November 14, 2019 |
DECREE
On penalties for administrative violations against
currency and banking legal regulations
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Pursuant to the Law on Organization of the Government dated June 19, 2015;
Pursuant to the Law on Handling of Administrative Violations dated June 20, 2012;
Pursuant to the Law on the State Bank of Vietnam dated June 16, 2010;
Pursuant to the Law on Credit Institutions dated June 16, 2010; the Law dated November 20, 2017 amending and supplementing a number of articles of the Law on Credit Institutions;
Pursuant to the Law on Deposit Insurance dated June 18, 2012;
Pursuant to the Law on Prevention of Money Laundering dated June 18, 2012;
Pursuant to the Law on Anti-terrorism dated June 12, 2013;
Pursuant to the Law on Negotiable Instruments dated November 29, 2005;
Pursuant to the Ordinance on Foreign Exchange Control dated December 13, 2005, the Ordinance amending, supplementing a number of articles of the Ordinance on Foreign Exchange Control dated March 18, 2013;
At the request of the Governor of the State bank of Vietnam;
The Government hereby issues a Decree regulating penalties for administrative violations against currency and banking legal regulations.
Chapter I
GENERAL PROVISIONS
Article 1. Scope of regulation
1. This Decree regulates administrative violations, penalty measures, penalty rates, consequence improvement measures, decentralized competence on administrative violation penalties, competence on administrative violation notification in the fields off currency and banking.
2. Administrative violations in the fields off currency and banking include:
a) Violations against regulations on permit/ license management and use;
b) Violations against regulations on organization, administration, management;
c) Violations against regulations on shares, stocks;
d) Violations against regulations on capital mobilization and service fees;
dd) Violations against regulations on credit loaning, trusteeship, entrustment and inter-banking activities;
e) Violations against regulations on provision of credit information services;
g) Violations against regulations on foreign exchange activities and gold trading;
h) Violations against regulations on currency and fund management and/or payment;
i) Violations against regulations on fixed asset purchase, investment and real estate trading of credit institutions and foreign bank branches;
k) Violations against regulations on credit institutions’ and foreign bank branches’ operation safety;
l) Violations against regulations on deposit insurance;
m) Violations against regulations on money laundering prevention and combat;
n) Violations against regulations on information communication, reporting;
o) Violations against regulations on inspection hindrance, inconformity against competent officers.
p) Violation against regulations on debt purchase, sale and handling;
q) Violation against regulations on banking information technology safety.
Article 2. Subjects of application
1. This Decree applies to organizations and individuals that commit administrative violations in the fields of currency and banking.
2. Organizations prescribed in Clause 1 of this Article include:
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