Crimes in the Banking Sector in The Laws of Vietnam and Some Countries Around the World

Abstract

Digital transformation has caused the banking industry today to face the challenges of newly arising crimes. In addition to traditional crimes like before, forms of electronic banking fraud or using high technology to commit crimes tend to increase. Because technological changes and developments have caused the banking system to fail to keep up with this development and are also the cause of this crime. The laws of Vietnam and other countries have also built a legal corridor to protect and prevent violations of the banking sector. This article studies the provisions of Vietnam's criminal law in comparison and evaluation with the laws of some countries around the world. The article also concludes that Vietnam needs to find effective tools to prevent crimes in the banking sector, especially international cooperation to help banks overcome challenges and create profits, competitive position, proactive adaptation, and sustainable development.