Accordingly, from December 1, 2023, the amount of large-value transactions that must be reported is from VND 400 million or more. This amount has increased by VND 100 million compared to the current regulation in Decision 20/2013/QD-TTg (VND 300 million). The subjects of application are financial institutions; organizations and individuals doing business in related non-financial sectors as prescribed in Clauses 1 and 2, Article 4 of the Law on Anti-Money Laundering.
Specifically, according to Clause 1 and Clause 2, Article 4 of the Law on Anti-Money Laundering, the reporting entity is a financial institution licensed to perform one or more of the following activities: Receiving deposits; lending; financial leasing; payment services; payment intermediary services; issuing transfer instruments, bank cards, money transfer orders; bank guarantees, financial commitments; providing foreign exchange services, monetary instruments on the money market; securities brokerage; securities investment consulting, securities underwriting; securities investment fund management; securities investment portfolio management; life insurance business; currency exchange...
Source CAND
Source link
Comment (0)