A series of new regulations on anti-money laundering, gold trading... come into effect

(Dan Tri) - In order to prevent money laundering, from November 1, the transfer of foreign currency in cash, coins, precious metals... worth from 400 million VND must be declared at the border customs when individuals exit or enter the country.

Many new regulations in the banking and finance sector will take effect from November 1, from regulations on rating credit institutions, foreign bank branches, regulations on anti-money laundering... to the delivery and receipt of gold bars.

Firstly, regarding the regulations on rating credit institutions and foreign bank branches, on July 31, the State Bank of Vietnam issued Circular 21/2025 regulating the rating of credit institutions and foreign bank branches, effective from November 1.

Article 4 of Circular 21/2025 specifically stipulates the principles and methods for rating credit institutions and foreign bank branches. Accordingly, the rating must fully reflect the operational status and risks of credit institutions and foreign bank branches and comply with legal regulations.

Credit institutions and foreign bank branches are divided into equal groups.

Group 1 is large-scale commercial banks (average quarterly total asset value in the year ranked above 300,000 billion VND). Group 2 is small-scale commercial banks (average quarterly total asset value in the year ranked equal to or lower than 300,000 billion VND).

Group 3 is foreign bank branches. Group 4 is financial companies including: general finance companies, factoring finance companies, consumer credit finance companies. Group 5 is financial leasing companies. Group 6 is cooperative banks.

Based on the achieved rating score, credit institutions and foreign bank branches are classified into one of the following categories: good (A), fair (B), average (C), weak (D) or poor (E).

The second is the regulation on anti-money laundering in the banking sector. On September 15, the State Bank of Vietnam issued Circular No. 27/2025 guiding the implementation of a number of articles of the Law on Anti-Money Laundering 2022, effective from November 1.

Circular No. 27/2025 clearly stipulates the value of foreign currency in cash, Vietnamese Dong in cash, precious metals, precious stones, and negotiable instruments that must be declared at border customs when individuals exit or enter the country, and the documents to be presented to border customs when individuals exiting the country carrying foreign currency in cash, Vietnamese Dong in cash, precious metals, and precious stones that must be declared at customs.

Specifically, the value of precious metals (excluding gold) and precious stones is 400 million VND. In which, precious metals excluding gold include silver, platinum, silver and platinum handicrafts and jewelry; alloys containing silver and platinum; precious stones include: diamonds, rubies, sapphires and emeralds.

Documents presented to border customs when individuals leaving the country carrying foreign currency in cash, Vietnamese Dong in cash, precious metals, and precious stones must be declared to customs, including other documents proving the legal origin of the precious metals (except gold). Documents presented to border customs must be originals or certified copies according to the provisions of law...

From November, new regulations on anti-money laundering, gold trading banks... will take effect (Illustration photo: DT).

The third regulation relates to banks being allowed to deliver and receive gold bars. On September 30, the State Bank of Vietnam issued Circular 33/2025 amending and supplementing a number of articles of Circular 17/2014 on classification, packaging, delivery and receipt of precious metals and gemstones, effective from November 15.

According to Circular 33/2025, the State Bank receives gold bars purchased from credit institutions and enterprises licensed to buy and sell gold bars (credit institutions and enterprises) according to the written confirmation of gold bar buying and selling transactions between the State Bank and credit institutions and enterprises; conducts counting, receives and records the codes and serial numbers (if any) according to the original packaging of the commercial bank, enterprise licensed to produce gold bars and the processing unit.

Circular 33 also adds the content that credit institutions receive gold bars from customers, and receive them by the piece. Credit institutions deliver gold bars to customers, and deliver them by the piece.

Fourth is the regulation on the provision of non-cash payment services. On September 30, the State Bank of Vietnam issued Circular 30/2025 amending and supplementing a number of articles of Circular 15/2024 regulating the provision of non-cash payment services, effective from November 18.

In particular, Circular 30/2025 supplements regulations on customer identity authentication, requiring individuals who are Vietnamese citizens to present their citizen identification card or level 2 electronic identification; for foreigners residing in Vietnam, they must have a passport, equivalent documents or level 2 electronic identification when using the service.

In addition, this document also tightens the responsibility of payment service providers in handling complaints and denunciations of violations, and requires ensuring that the online payment system is not interrupted for more than 4 hours/year.

In November, new regulations on the People's Credit Fund System Safety Guarantee Fund... also took effect.

Source: https://dantri.com.vn/kinh-doanh/loat-quy-dinh-moi-ve-phong-chong-rua-tien-kinh-doanh-vang-co-hieu-luc-20251103094503879.htm