This Circular provides for criteria and methods for assessing money laundering risks of reporting entities; money laundering risk management process and customer classification according to money laundering risk level; internal regulations on anti-money laundering; reporting regime for large value transactions that must be reported; reporting regime for suspicious transactions; electronic money transfer transactions; reporting regime for electronic money transfer transactions; forms and deadlines for reporting electronic data; value levels and documents to be presented to border customs when carrying foreign currency in cash, Vietnamese Dong in cash, transfer instruments, precious metals, and gemstones exceeding the prescribed level.
Accordingly, Article 9 of the Circular stipulates the regime for reporting electronic money transfer transactions to the Anti-Money Laundering Department using electronic data, including:
Domestic electronic money transfer transactions: Transactions with a value of VND 500 million or more or in foreign currency of equivalent value where all financial institutions participating in electronic money transfer transactions are in Vietnam.
International electronic money transfer transactions: Electronic money transfer transactions in which at least one participating financial institution is located outside of Vietnam and conducted in countries and territories outside of Vietnam with a value of 1,000 USD or more or equivalent in other foreign currencies.
In case the reporting entity is an intermediary financial institution in an electronic money transfer transaction, it is not required to make the above report.
Source: https://daibieunhandan.vn/from-1-11-2025-transfer-money-from-500-trieu-dong-or-len-phai-bao-cao-cuc-phong-chong-rua-tien-10393946.html
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