Monday, November 15, 2010 5:11 AM

http://www.istockanalyst.com/article/viewiStockNews/articleid/4667341

HANOI, Nov. 15, 2010 (Xinhua News Agency) -- The United Nations Office on Drugs and Crime (UNODC) held Monday in Vietnam's southern Ho Chi Minh City a conference to increase Vietnamese companies' awareness of money laundering in real estate sector, Vietnam News Agency reported.

The conference was part of UNODC's assistance project for Vietnam aiming at combating money laundering crime.

Representatives at the conference held discussions on topics including money laundering and its impacts to socio-economic development, international anti-money laundering standards, Vietnamese legal documents on real estate business management, and trial process against money laundering.

Tran Van Thanh, National Coordinatior of UNODC's the Global Programme against Money Laundering in Vietnam said at the conference that money laundering in real estate sector in Vietnam is a new issue but becoming more and more complex.

The conference provided a chance for companies' representatives to increase awareness of money laundering that is occurring seriously in developing countries including Vietnam, especially in real estate sector, said Thanh.

Representatives at the conference also had chance to share experience with foreign countries on fighting against money laundering in real estate sector and regulations of Vietnamese legal system on money laundering prevention, said Thanh.