Circular No. 27/2025/TT-NHNN guiding the implementation of certain provisions of the Law on Anti-Money Laundering

CIRCULAR

Guidelines for Implementing Certain Provisions of the Law on Anti-Money Laundering 

Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12;

The Governor of the State Bank of Vietnam hereby promulgates this Circular amending and supplementing certain provisions of Circular No. 16/2021/TT-NHNN dated November 10, 2021 issued by the Governor of the State Bank of Vietnam on the organization of credit institutions and foreign bank branches purchasing and selling corporate bonds.

Pursuant to the Law on Anti-Money Laundering No. 14/2022/QH15;

Pursuant to the Law on Counter-Terrorism No. 28/2013/QH13;

Pursuant to the Law on Customs No. 54/2014/QH13 amended and supplemented by Law No. 90/2025/QH15;

Pursuant to Decree No. 26/2025/NĐ-CP of the Government stipulating the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;

At the proposal of the Director of the Anti-Money Laundering Department;

The Governor of the State Bank of Vietnam issues this Circular guiding the implementation of certain provisions of the Law on Anti-Money Laundering.

Article 1. Scope of Regulation

This Circular stipulates criteria and methods for assessing money laundering risks of reporting entities; risk management procedures and customer classification based on money laundering risk levels; internal regulations on anti-money laundering; reporting requirements for large-value transactions; suspicious transaction reporting procedures; electronic fund transfer transactions; reporting requirements for electronic fund transfers; forms and deadlines for submitting electronic data; thresholds and documentation required for carrying foreign currency cash, Vietnamese dong cash, negotiable instruments, precious metals, and gemstones exceeding specified limits at customs checkpoints.

Article 2. Applicability

1. Financial organizations.

2. Non-financial business sectors related enterprises and individuals.

3. Vietnamese organizations and individuals, foreign organizations, foreigners, and international organizations conducting transactions with financial organizations and non-financial business sectors related enterprises and individuals.

4. Other organizations and individuals related to anti-money laundering activities.

Article 3. Criteria and Methods for Assessing Money Laundering Risks of Reporting Entities

1. Criteria for assessing money laundering risks of reporting entities include money laundering risk criteria and the appropriateness level criteria of internal policies and regulations on anti-money laundering at reporting entities.

2. Money laundering risk criteria include money laundering risk criteria from the business environment of reporting entities and money laundering risk criteria from the business operations of reporting entities, specifically as follows:

a) Money laundering risk criteria from the business environment of reporting entities include money laundering risks from industries and sectors; countries and regions where reporting entities operate, according to national risk assessment results on money laundering and self-assessment by reporting entities.

b) Money laundering risk criteria from the business operations of reporting entities include money laundering risks from customers; money laundering risks from products and services provided to customers; money laundering risks from distribution methods of products and services.

3. Appropriateness level criteria of internal policies and regulations on anti-money laundering at reporting entities include the comprehensiveness of internal policies and regulations on anti-money laundering and the effectiveness of implementing such policies and regulations, specifically as follows:

a) The comprehensiveness of internal policies and regulations on anti-money laundering at reporting entities includes the completeness of internal policies and regulations on anti-money laundering; their alignment with legal provisions on anti-money laundering; their suitability with the money laundering risk level of reporting entities; regular review of these policies and regulations to align with changes in legal provisions and operational practices.

b) The effectiveness of implementing internal policies and regulations on anti-money laundering at reporting entities includes the effectiveness of anti-money laundering measures; the understanding and compliance of leaders and relevant staff with professional rules and standards on anti-money laundering; the effectiveness of managing anti-money laundering work.

4. The method for assessing money laundering risks of reporting entities is a scoring method. The scoring method is implemented based on scoring each criterion specified in Clause 2 and Clause 3 of this Article, specifically as follows:

a) The score for each criterion specified in Clause 2 of this Article is determined on a scale from 1 to 5, with the principle that lower scores indicate lower money laundering risks.

b) The score for each criterion specified in Clause 3 of this Article is determined on a scale from 1 to 5, with the principle that lower scores indicate higher appropriateness levels of internal policies and regulations on anti-money laundering.

c) The weight of each criterion specified in Clause 2 and Clause 3 of this Article is a percentage ratio determined based on the importance of each criterion in anti-money laundering work. Reporting entities determine the weights based on their scale, scope, and specific characteristics of their operations.

d) The score for money laundering risk is determined based on calculating the total score of each money laundering risk criterion specified in point a of this clause after multiplying by the weight specified in point c of this clause. Money laundering risk is low if the score is less than or equal to 1; medium-low if the score is greater than 1 and less than or equal to 2; medium if the score is greater than 2 and less than or equal to 3; medium-high if the score is greater than 3 and less than or equal to 4; high if the score is greater than 4 and less than or equal to 5.

đ) The score for the appropriateness level of internal policies and regulations on anti-money laundering is determined based on calculating the total score of each appropriateness level criterion of internal policies and regulations on anti-money laundering specified in point b of this clause after multiplying by the weight specified in point c of this clause. The appropriateness level of internal policies and regulations on anti-money laundering is high if the score is less than or equal to 1; medium-high if the score is greater than 1 and less than or equal to 2; medium if the score is greater than 2 and less than or equal to 3; medium-low if the score is greater than 3 and less than or equal to 4; low if the score is greater than 4 and less than or equal to 5.

e) The money laundering risk score is determined by calculating the average of the money laundering risk score and the level of compliance with internal policies and regulations on preventing and combating money laundering. The lower the score, the lower the money laundering risk: low money laundering risk if the score is less than or equal to 1; low-medium money laundering risk if the score is greater than 1 and less than or equal to 2; medium money laundering risk if the score is greater than 2 and less than or equal to 3; high-medium money laundering risk if the score is greater than 3 and less than or equal to 4; high money laundering risk if the score is greater than 4 and less than or equal to 5.

5. The period for collecting information and data to serve the assessment and update of money laundering risks of reporting entities runs from January 1 to December 31 of the assessment year. Reporting entities must complete the report on the assessment and update of money laundering risks no later than March 31 of the following year.

6. Branches of foreign organizations that are reporting entities may choose to conduct the assessment and update of money laundering risks according to the criteria, methods, and periods for collecting information and data stipulated in this Article or according to the provisions of their respective foreign organizations. In cases where they choose to conduct the assessment and update of money laundering risks according to the provisions of their foreign organization, reporting entities must notify the State Bank of Vietnam and the relevant ministries and sectors managing them and must ensure responsibility for ensuring that the applied criteria and methods comply with the recommendations of the Financial Action Task Force on Anti-Money Laundering; they must present the results of the assessment and update of money laundering risks and report to competent state authorities as prescribed in Clause 7 of this Article.

7. Reporting entities must report the results of the assessment and update of money laundering risks as prescribed in Clause 2 of Article 15 of the Law on Preventing and Combating Money Laundering to the State Bank of Vietnam and the relevant ministries and sectors managing them according to the corresponding forms attached as Appendix I to this Circular.

Article 4. Process for Managing Money Laundering Risks and Classifying Customers Based on Money Laundering Risk Levels

1. Based on the results of the assessment and update of money laundering risks as prescribed in Article 3 of this Circular, reporting entities shall establish and promulgate the process for managing money laundering risks at their entities. The money laundering risk management process must be approved by the authorized senior manager in accordance with the laws of the reporting entity or by someone authorized by such a senior manager, and it must be presented in steps appropriate to the scale, scope, and specific characteristics of the activities of the reporting entity to manage money laundering risks. The money laundering risk management process includes the following minimum contents:

a) Determining the scope and objectives of money laundering risk management activities;

b) Identifying and assessing the impact of money laundering risks at the reporting entity;

c) Classifying customers based on low, medium, and high money laundering risk levels according to the following factors: customer; products and services the customer is currently using or intends to use; geographic location where the customer resides or has its main office, and other factors determined by the reporting entity, classified appropriately according to actual occurrences and specified in the money laundering risk management process;

d) Procedures for identifying and assessing money laundering risk levels before providing new products or services; existing products or services applying new technology;

đ) Risk management procedures for implementing, refusing, suspending, controlling transactions after a transaction, or reviewing and reporting suspicious electronic fund transfers lacking accurate or complete information as required;

e) Risk management procedures when providing products or services to customers before completing customer due diligence as prescribed by law, including specific conditions under which customers can use products or services before completing customer due diligence;

g) Measures applicable to different levels of customer money laundering risk, including updating customer identification information, frequency of regular updates of customer identification information, verifying customer identification information, levels of monitoring customer transactions according to money laundering risk levels, reduced customer identification measures, and enhanced measures as prescribed in Clause 2 and Clause 5 of this Article.

2. For customers with low money laundering risk levels, after establishing a relationship with the customer for the first time, when applying customer identification measures as prescribed by the Law on Preventing and Combating Money Laundering and the Government Decree detailing certain provisions of the Law on Preventing and Combating Money Laundering, the reporting entity may choose to apply one or all of the following reduced customer identification measures:

a) Not collecting information about the purpose and nature of business relationships if the purpose and nature of business relationships can be determined through established transactions or business relationships;

b) Reducing the frequency of updating customer identification information compared to customers with medium money laundering risk levels;

c) Reducing the level of monitoring customer transactions compared to customers with medium money laundering risk levels.

3. Reporting entities may not apply reduced customer identification measures in cases of suspicion related to money laundering, terrorist financing, proliferation of weapons of mass destruction, or situations matching high-risk scenarios or situations suspected of being related to money laundering, terrorist financing, or proliferation of weapons of mass destruction identified by the reporting entity.

4. For customers with medium money laundering risk levels, reporting entities must apply customer identification measures as prescribed by the Law on Preventing and Combating Money Laundering and the Government Decree detailing certain provisions of the Law on Preventing and Combating Money Laundering.

5. For customers with a high level of money laundering risk, in addition to applying customer due diligence measures as prescribed by the Law on Anti-Money Laundering and the Government's Decree detailing certain provisions of the Law on Anti-Money Laundering, the reporting entity must also apply enhanced measures, including:

a) Approval from a higher management level at least one level above the approval level applied for customers with medium-level money laundering risk regarding establishing or continuing to maintain business relationships with high-risk customers;

b) Collecting, updating, and verifying additional information about individual customers to serve the purpose of assessing and managing customer risk, including the following minimum information: The average monthly income of the customer over the last six months prior to the assessment time; contact information of the organization or institution or owner of the workplace or the main source of income of the customer (if applicable); information related to the source of funds or assets in the customer's transactions;

c) Collecting, updating, and verifying additional information about organizational customers to serve the purpose of assessing and managing customer risk, including the following minimum information: Main production, business, or service industry generating revenue; total revenue in the two most recent years prior to the assessment time; information related to the source of funds or assets in the customer's transactions;

d) Collecting, updating, and verifying other relevant information (if any) to serve the purpose of assessing and managing customer risk;

đ) Strengthened monitoring of transactions conducted by customers through the reporting entity and business relationships through the application of control measures and selection of transactions for review to ensure that the customer's transactions are consistent with the purpose and nature of their business relationship with the reporting entity and their business activities; promptly identifying suspicious signs and considering reporting suspicious transactions;

e) Increasing the frequency of updating customer due diligence information compared to customers with medium-level money laundering risk;

6. The reporting entity shall identify the beneficiary of life insurance contracts immediately after the beneficiary is designated by the policyholder and must verify the beneficiary's information at the time of payment. Information about the beneficiary of life insurance contracts is one of the factors for reviewing and classifying customers according to their level of money laundering risk;

Article 5. Internal regulations on anti-money laundering;

The internal regulations on anti-money laundering of the reporting entity as stipulated in Points b, c, e, g, h, i, k Clause 1 Article 24 of the Law on Anti-Money Laundering are as follows:

1. Customer due diligence procedures and processes implemented based on risk include collecting, updating, and verifying information in accordance with laws on anti-money laundering, delegating responsibilities for customer due diligence according to risk levels and the scale, scope, and specific characteristics of the reporting entity's operations, including the following contents:

a) Situations where customer due diligence is required and the collection and updating of customer due diligence information, including cases of due diligence for customers without accounts or with accounts but without transactions in the previous continuous six-month period who conduct one transaction or multiple transactions with a total value of VND 400,000,000 or equivalent foreign currency value or more in one day, except for settlement transactions or withdrawal of savings interest, repayment of credit card debt, repayment of financial credit loans, periodic payments or payments according to pre-registered terms with financial organizations, withdrawal of investment returns from securities or bond investments;

b) Verification of customer due diligence information as prescribed in Articles 12, 13, and 14 of the Law on Anti-Money Laundering; Regulations on verification of customer due diligence information include verification of beneficial ownership information of customers from reliable sources;

c) Regulations on information for legally authorized representatives or legal representatives of customers (if any), including situations where representatives participate in legal agreements on behalf of customers;

d) Regulations on customer due diligence information when the customer is an organization as prescribed in Article 10 of the Law on Anti-Money Laundering. In this regard, the reporting entity implements the collection of information about the founder as prescribed. If it is not possible to collect information about the founder due to capital withdrawal, death, non-existence, or lack of complete information, the reporting entity must clearly state the reasons for the inability to collect information during the process of customer due diligence and information update;

đ) Regulations on customer due diligence for participants in legal agreements, including information such as full trading name and abbreviation (for entrusted organizations) or the name of the entrusted individual (for individuals receiving entrustment); headquarters address for entrusted organizations, nationality address for entrusted individuals; registration/permit information issued by foreign authorities (if any); field of operation; entrusting party, beneficiary, related parties (if any), ultimate individual with control over the entrustment;

e) Regulations on continuous monitoring of business relationships with customers based on risk through: closely monitoring transactions consistent with the customer's risk level throughout the establishment and maintenance of the business relationship to ensure that transactions are consistent with collected customer due diligence information, understanding of the customer's business activities, and the source of funds or assets in the customer's transactions; and reviewing and evaluating customer due diligence files to ensure that customer due diligence documentation and information are regularly updated, especially for high-risk customer groups;

g) Provisions on the time points for completing customer due diligence information verification and the time points for reviewing and updating customer due diligence files in accordance with the risk level of customers and legal regulations during each period to ensure feasibility and not disrupt business operations.

2. The anti-money laundering risk management process at reporting entities must include the contents prescribed in Clause 1 of Article 4 of this Circular.

3. Provisions on recordkeeping, retention periods, and information security in accordance with Articles 38 and 40 of the Law on Prevention and Combating Money Laundering and other relevant laws, including the responsibility to retain information, files, documents, and results of analysis and assessment by reporting entities (if any) regarding transactions below the reportable transaction threshold to provide promptly to competent state agencies as prescribed by law.

4. Provisions on the application of provisional measures as prescribed in Article 44 of the Law on Prevention and Combating Money Laundering and the Government Decree detailing certain provisions of the Law on Prevention and Combating Money Laundering.

5. Provisions on the reporting and provision of information to the State Bank of Vietnam and competent state agencies, including provisions on the method and procedures for reporting and providing information to ensure compliance with the deadlines and content prescribed by law.

6. Provisions on personnel recruitment must include provisions to identify and select recruited personnel who meet job position requirements; basic training on prevention and combating money laundering within six months from the date of recruitment.

7. Contents of training and professional development in prevention and combating money laundering, including: legal and internal regulations on prevention and combating money laundering; responsibilities for non-compliance with legal and internal regulations on prevention and combating money laundering; methods and techniques of money laundering; money laundering risks related to products and services; tasks assigned to leaders and employees to perform.

8. Contents of internal audit on prevention and combating money laundering include: independent and objective examination, review, and evaluation of the internal control system, compliance with internal regulations and legal regulations on prevention and combating money laundering; recommendations and proposals for measures to enhance the effectiveness and efficiency of anti-money laundering efforts. Internal audits on prevention and combating money laundering may be conducted independently or combined with other contents but must be a separate item in the audit report. In cases where reporting entities are not required to conduct internal audits according to the law, reporting entities must ensure compliance with internal regulations and legal regulations on prevention and combating money laundering.

9. Responsibilities of individuals and departments involved in implementing anti-money laundering work must ensure:

a) Appointing a manager of the reporting entity or a person authorized by a senior manager under internal regulations to be responsible for organizing, directing, and supervising compliance with legal regulations on prevention and combating money laundering (hereinafter referred to as the person responsible for anti-money laundering).

b) Depending on the scale, scope, and specific nature of activities, reporting entities must establish a specialized department (team, office, division) or designate a department or appoint a person responsible for anti-money laundering at the headquarters; assign one or more persons or departments responsible for anti-money laundering at branches or subsidiaries of the reporting entity related to anti-money laundering operations (if any).

10. Reporting entities have the responsibility:

a) Annually, to conduct training and professional development in anti-money laundering for leaders and employees involved in anti-money laundering work (including employees tasked with directly handling transactions with clients involving money and assets);

b) Annually, to review and update legal regulations on anti-money laundering, policies, and risk management processes in accordance with the results of money laundering risk assessments at reporting entities and actual implementation situations to evaluate internal regulations and consider amendments, supplements, or replacements (if necessary); within ten days from the date of issuance, amendment, supplementation, or replacement of internal regulations on anti-money laundering, send internal regulations on anti-money laundering to the Anti-Money Laundering Department for reporting entities in the monetary and banking sector; send to the relevant ministries and sectors managing state affairs for other reporting entities;

c) Annually, to submit internal audit reports on anti-money laundering at reporting entities (except for reporting entities not required to conduct annual internal audits according to the law) within sixty days from the end of the fiscal year to the Anti-Money Laundering Department for reporting entities in the monetary and banking sector; send to the relevant ministries and sectors managing state affairs for other reporting entities; In cases where reporting entities are not required to conduct annual internal audits according to the law, reporting entities submit reports according to this provision for the audited year;

d) Registering information on name, workplace address, phone number, email address for contact when necessary of the person responsible for anti-money laundering as prescribed in point a, Clause 9 of this Article and the person responsible for anti-money laundering as prescribed in point b, Clause 9 of this Article; the email address of the department as prescribed in point b, Clause 9 of this Article (if any) to the Anti-Money Laundering Department and the relevant ministries and sectors managing state affairs of the reporting entity;

đ) Notifying in writing to the Anti-Money Laundering Department and the relevant ministries and sectors managing state affairs of the reporting entity when there are changes to the information prescribed in point d, Clause 10 of this Article within fifteen days from the date of change in information.

11. Reporting entities that are micro enterprises or individuals issue internal regulations on anti-money laundering containing the provisions prescribed in Clause 1, 2, 3, 4 of this Article and point a, đ of Clause 1 of Article 24 of the Law on Prevention and Combating Money Laundering.

Article 6. Reporting regime for large-value transactions that must be reported

1. The reporting subject shall report large-value transactions that must be reported (including cash transactions conducted through automatic deposit machines, automatic withdrawal machines, or automated teller machines) to the Anti-Money Laundering Agency in accordance with Clause 1 of Article 25 of the Law on Prevention and Combating Money Laundering by electronic data in accordance with Clause 1 of Article 10 of this Circular or report in writing according to Appendix II issued together with this Circular when unable to connect to the Anti-Money Laundering Agency's electronic reporting system.

2. In cases where customers deposit foreign currency cash in large amounts to purchase Vietnamese dong or deposit Vietnamese dong cash in large amounts to purchase foreign currency cash, only the cash deposit transaction shall be reported.

Article 7. Reporting regime for suspicious transactions

1. The reporting subject shall report to the Anti-Money Laundering Agency upon discovering suspicious transactions related to: money laundering or other crimes related to money laundering; terrorism financing; proliferation of weapons of mass destruction as stipulated in Article 26 of the Law on Prevention and Combating Money Laundering. Report by electronic data in accordance with Clause 1 of Article 10 of this Circular or report in writing according to the corresponding model in Appendix III issued together with this Circular in case of inability to connect to the Anti-Money Laundering Agency's electronic reporting system. The reporting subject shall not use the suspicious transaction reporting form prescribed in Appendix III of this Circular to report to other state agencies authorized under Clause 3 of Article 37 of the Law on Prevention and Combating Money Laundering.

2. The reporting subject must review the suspicious signs prescribed in the Law on Prevention and Combating Money Laundering, laws on preventing and combating terrorism, preventing the proliferation of weapons of mass destruction, and other signs related to money laundering, terrorism financing, and the proliferation of weapons of mass destruction determined by the reporting subject based on various sources of information, including those provided by the Anti-Money Laundering Agency and authorized agencies.

Reporting suspicious transactions as prescribed in Article 26 of the Law on Prevention and Combating Money Laundering, laws on preventing and combating terrorism, and preventing the proliferation of weapons of mass destruction is not dependent on the amount of customer transactions or whether such transactions have been completed. The reporting subject shall consider implementing a report on suspicious transactions when unable to complete customer identification procedures and there is suspicion related to: money laundering or other crimes related to money laundering; terrorism financing; the proliferation of weapons of mass destruction.

3. The Anti-Money Laundering Agency shall confirm receipt of reports on suspicious transactions within five working days from the date of receiving all required information, documents, and materials; discuss with the reporting subject any arising issues (if any).

4. Organizations and individuals providing accounting services; providing notary services; providing legal services of lawyers, law firms must examine, collect, and analyze information to report suspicious transactions when providing accounting services; performing notarization procedures, representing customers to prepare conditions for conducting transactions or representing customers to conduct transactions transferring land use rights, ownership of houses, other assets attached to land; managing customers' money, securities, or other assets; managing customers' bank accounts, securities company accounts; operating and managing companies; participating in buying and selling businesses on behalf of customers.

Article 8. Electronic money transfer transactions

1. Financial organizations participating in electronic money transfer transactions include:

a) Initiating financial organization is the organization initiating the electronic money transfer order and performing the transfer on behalf of the initiator;

b) Intermediary financial organization is the organization receiving and transferring the electronic money transfer order on behalf of the initiating financial organization and the beneficiary financial organization or on behalf of another intermediary financial organization;

c) Beneficiary financial organization is the organization directly receiving the electronic money transfer order from the initiating financial organization or through an intermediary financial organization and making payment to the beneficiary.

2. Domestic financial organizations acting as initiating financial organizations in electronic money transfer transactions may only carry out such transactions when the electronic money transfer order contains complete and accurate information in accordance with the laws on cashless payments and foreign exchange management.

3. Domestic financial organizations acting as intermediary financial organizations participating in electronic money transfer transactions must ensure:

a) Measures to identify electronic money transfer transactions that lack complete or accurate information as required by the laws on cashless payments and foreign exchange management;

b) Implementation of appropriate measures including refusal or suspension of the transaction or application of post-transaction control measures or review and reporting of suspicious transactions for electronic money transfer transactions lacking complete or accurate information as required by the laws on cashless payments and foreign exchange management.

4. Domestic financial organizations acting as beneficiary financial organizations in electronic money transfer transactions must ensure:

a) Measures to identify electronic money transfer transactions that lack complete or accurate information as required by the laws on cashless payments and foreign exchange management;

b) Implementation of appropriate measures including refusal or suspension of the transaction or application of post-transaction control measures or review and reporting of suspicious transactions for electronic money transfer transactions lacking complete or accurate information as required by the laws on cashless payments and foreign exchange management.

5. Financial organizations participating in electronic money transfer transactions, including initiating financial organizations, intermediary financial organizations, and beneficiary financial organizations, have the responsibility to ensure that electronic money transfer information remains intact throughout the transaction process, including information to identify and distinguish international electronic money transfer transactions and domestic electronic money transfer transactions.

6. For transactions involving two or more initiators or beneficiaries, initiating financial organizations and beneficiary financial organizations have the responsibility to maintain full customer information during the transaction; the initiating financial organization has the responsibility to provide full information about the initiator and the beneficiary in the transaction to the beneficiary financial organization and provide it to intermediary financial organizations involved in the transaction upon request.

Article 9. Reporting regime for electronic money transfer transactions

1. The reporting entity is responsible for collecting information as stipulated in Clause 3 of this Article and reporting to the Anti-Money Laundering Department via electronic data in accordance with Clause 1 of Article 10 of this Circular when conducting electronic money transfer transactions in the following cases:

a) Electronic money transfer transactions where all financial organizations participating in the electronic money transfer transaction as stipulated in Clause 1 of Article 8 of this Circular are located in Vietnam (hereinafter referred to as domestic electronic money transfer transactions) with a transaction value of VND 500,000,000 (five hundred million) or more or equivalent foreign currency value;

b) Electronic money transfer transactions where at least one of the financial organizations participating in the electronic money transfer transaction as stipulated in Clause 1 of Article 8 of this Circular is located in countries or territories outside Vietnam (hereinafter referred to as international electronic money transfer transactions) with a transaction value of US$1,000 (one thousand) or more or equivalent foreign currency value.

2. In the case where the reporting entity is an intermediary financial organization in an electronic money transfer transaction, it is not required to report in accordance with Clause 1 of this Article.

3. The minimum contents of the report on electronic money transfer transactions include the following information:

a) Information about the initiating and beneficiary financial organizations including: trading name of the organization or branch; main office address (or bank code for domestic electronic money transfer transactions, SWIFT code for international electronic money transfers); country receiving and transferring funds;

b) Information about individual customers participating in electronic money transfer transactions: full name, date of birth; identification card number or citizen identification card number or personal identification number or passport number; entry visa number (if applicable); registered residence address or current place of residence (if applicable); nationality (according to transaction documents);

c) Information about organizational customers participating in electronic money transfer transactions: full trading name and abbreviation (if any); main office address; establishment license number or business registration number or tax code; country where the main office is located;

d) Transaction information: account number (if any); amount; currency type; converted amount in Vietnamese Dong (if the transaction currency is foreign currency); reason, purpose of the transaction; transaction date; transaction code or unique reference number in the absence of an account number or the identifier of the initiator sent by the initiating financial organization or intermediary financial organization to ensure traceability of the transaction origin;

đ) Other information as requested by the Anti-Money Laundering Department to serve state management work on anti-money laundering in each period.

4. The information regarding date of birth, identification card number or citizen identification card number or personal identification number or passport number, entry visa number (if applicable) as stipulated in point b, Clause 3 of this Article; establishment license number or business registration number or tax code as stipulated in point c, Clause 3 of this Article is not mandatory for:

a) Beneficiaries in international electronic money transfer transactions from Vietnam to overseas;

b) Initiators in international electronic money transfer transactions from overseas to Vietnam.

5. Electronic money transfer transactions that do not require reporting include:

a) A transaction transferring funds originating from a transaction using a debit card, credit card, or prepaid card to pay for goods and services;

b) A transaction transferring funds and making payments between financial organizations where both the initiating party and the beneficiary are financial organizations acting on behalf of their respective organizations.

Article 10. Form and deadline for reporting electronic data

1. Form of reporting electronic data:

a) The reporting entity shall report electronic data in the correct data format and file structure through the transmission network according to the guidance of the Anti-Money Laundering Department;

b) Reporting entities permitted to transfer electronic funds must establish an appropriate information technology system to serve the reporting of electronic data and must have software systems to scan and filter according to blacklists, watchlists, and lists of politically exposed persons as stipulated in Clause 9, Clause 10, Article 3 and Clause 1, Article 17 of the Law on Anti-Money Laundering, and to monitor transactions to detect and warn of suspicious signs suitable for the purpose of preventing money laundering, terrorist financing, and proliferation financing.

2. Deadline for reporting electronic data: the reporting entity must submit reports of large-value transactions that need to be reported and reports of electronic fund transfers before 16:00 on the next working day following the date of the transaction. If the submission date coincides with a public holiday, Tet holiday, or weekend, then the submission date will be the next working day following the holiday or weekend.

3. Amending and supplementing electronic data reports:

a) When the reporting entity discovers that it has failed to submit a report, the reporting entity must provide an explanatory document and submit a supplementary report within one working day after receiving confirmation from the Anti-Money Laundering Department. When the reporting entity discovers errors in the information or data submitted to the Anti-Money Laundering Department, the reporting entity must provide an explanatory document or email, amend, and resubmit the report within one working day from the date of discovery;

b) When the reporting entity receives a notification from the Anti-Money Laundering Department regarding missing or erroneous reports, the reporting entity must provide an explanatory document or email, supplement, or amend and resubmit the report no later than seven working days from the date of receipt of the notification;

c) When the reporting entity receives a notification from a competent state agency regarding the review and supplementation of reports as prescribed by law, the reporting entity must notify the Anti-Money Laundering Department and provide an explanatory document, submitting amended and supplemented reports after receiving confirmation from the Anti-Money Laundering Department.

4. The reporting entity must register in writing with the Anti-Money Laundering Department regarding the person responsible for reporting electronic data, including the following information: name, position, workplace address, phone number, email address, and must notify in writing when there is a change in the information about this reporting person.

Article 11. Value threshold for foreign currency cash, Vietnamese dong cash, precious metals, gemstones, negotiable instruments that must be declared at border gates when individuals exit or enter the country and documents to be presented to customs authorities when individuals carry foreign currency cash, Vietnamese dong cash, precious metals, gemstones out of the country

1. Value threshold for precious metals (excluding gold) and gemstones: VND 400,000,000 (four hundred million dong), including:

a) Precious metals (excluding gold) include: silver, platinum, decorative items and jewelry made of silver, platinum; alloys containing silver, platinum;

b) Gemstones include: diamonds, rubies, sapphires, and emeralds.

2. Value threshold for negotiable instruments: VND 400,000,000 (four hundred million dong).

3. Value threshold for foreign currency cash, Vietnamese dong cash, and gold that must be declared at border gates when exiting or entering the country shall be implemented according to the current regulations of the State Bank of Vietnam on carrying foreign currency cash, Vietnamese dong cash, and gold when exiting or entering the country.

4. Documents to be presented to customs authorities when individuals carry foreign currency cash, Vietnamese dong cash, precious metals, gemstones out of the country that must be declared:

a) In the case of individuals carrying precious metals (excluding gold) and gemstones out of the country:

(i) Invoice issued by enterprises or organizations authorized to trade in precious metals (excluding gold) and gemstones; other documents proving the legitimate source of precious metals (excluding gold) and gemstones in cases where there is no invoice from enterprises or organizations authorized to trade in precious metals (excluding gold) and gemstones;

(ii) Documents to be presented to customs authorities must be original or certified copies according to the provisions of the law.

(iii) If invoices or documents proving the origin are in a foreign language, they must have a certified Vietnamese translation according to the provisions of the law.

b) In the case of individuals carrying foreign currency cash, Vietnamese dong cash, and gold out of the country with a value that must be declared at border gates, related documents to be presented to customs authorities shall be carried out according to the current regulations of the State Bank of Vietnam on carrying foreign currency cash, Vietnamese dong cash, and gold when exiting or entering the country.

Article 12. Responsibility for Implementation

The Director of the Office, the Director of the Anti-Money Laundering Department, the Heads of units under the State Bank of Vietnam, and reporting entities that are organizations are responsible for organizing the implementation of this Circular.

Article 13. Implementation Provisions

1. This Circular takes effect from November 1, 2025, except for the cases provided for in Clause 2 and Clause 3 of this Article.

2. Reporting entities continue to implement internal regulations and risk management procedures according to current regulations until December 31, 2025.

From January 1, 2026, reporting entities are responsible for completing adjustments and updates to internal regulations and risk management procedures to ensure full compliance with the provisions of this Circular.

3. The provision at point b, Clause 1, Article 10 of this Circular takes effect from January 1, 2026.

4. Circular No. 09/2023/TT-NHNN dated July 28, 2023, of the Governor of the State Bank guiding the implementation of certain provisions of the Law on Prevention and Combating Money Laundering shall cease to be effective from the date this Circular takes effect./.