From November 1, money transfers of 500 million VND and 1,000 USD or more must be reported.

The State Bank requires reporting of large money transfer transactions from November 1, aiming to combat money laundering and effectively manage financial risks.

From November 1, money transfers of 500 million VND and 1,000 USD or more must be reported.

In Circular 27/2025/TT-NHNN, effective from November 1, the State Bank requires domestic money transfer transactions of VND 500 million or more or foreign currency of equivalent value to be reported to the Anti-Money Laundering Department.

Circular No. 27 is built on the basis of inheriting the relevant regulations in Circular No. 09/2023 and amending and supplementing a number of contents to remove the main difficulties and obstacles of reporting subjects and management agencies during the implementation process.

Specifically, in Circular 27, the State Bank requires domestic money transfer transactions of VND500 million or more or foreign currency of equivalent value to be reported to the Anti-Money Laundering Department.

Money transfer transactions involving organizations outside of Vietnam with a value of 1,000 USD or more are also subject to reporting.

In addition, suspicious transfer transactions are also subject to reporting. However, the responsibility for reporting belongs to financial institutions such as commercial banks and intermediary payment organizations, not the individual making the transfer.

In addition, the Circular also stipulates the value and documents to be presented to border customs when carrying foreign currency in cash, VND in cash, precious metals, and gemstones exceeding the prescribed level.

Accordingly, the value of precious metals (except gold) and gemstones is 400 million VND. Similarly, the value of transfer instruments is also 400 million VND.

The value of foreign currency in cash, VND in cash and gold that must be declared at customs at border gates when exiting or entering the country shall comply with current regulations of the State Bank on carrying foreign currency in cash, Vietnamese Dong in cash and gold when exiting or entering the country.

Although the regulation takes effect from November 1, financial institutions are allowed to transition until December 31 to adjust internal processes and risk management.

From January 1, 2026, these organizations must complete the process and update the software system to scan and filter transactions according to blacklists, warning lists and lists of individuals related to high risks.

PV (synthesis)

Source: https://baohaiphong.vn/tu-1-11-chuyen-tien-tu-500-trieu-dong-va-1-000-usd-tro-len-phai-bao-cao-521365.html