Deputy Governor of the State Bank of Vietnam, Nguyen Ngoc Canh, speaking at the workshop. (Photo: Vietnam+)
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On October 16, 2025, the State Bank of Vietnam hosted a hybrid workshop to disseminate Circular No. 27/2025/TT-NHNN dated September 15, 2025. This circular provides guidance on implementing specific provisions of the Anti-Money Laundering Law and outlines anti-money laundering measures within Resolution No. 05/2025/NQ-CP on the pilot cryptocurrency market. The event also updated the national risk assessment for money laundering and terrorist financing.
Addressing the workshop, Deputy Governor Nguyen Ngoc Canh emphasized the event’s significance as Vietnam’s government intensifies its National Action Plan against money laundering, terrorist financing, and proliferation financing of weapons of mass destruction.
The Deputy Governor highlighted that amid geopolitical shifts and volatile international financial markets, coupled with Vietnam’s increasingly open economy, identifying, managing, and mitigating risks in this domain have become more critical than ever.
He noted that during the National Steering Committee’s meeting on October 15, Deputy Prime Minister Ho Duc Phoc, who heads the committee, directed the State Bank (the committee’s standing agency) to collaborate closely with ministries in executing three strategic action groups. These include enhancing the legal framework as a key pillar. The Deputy Prime Minister also urged media outlets to raise awareness among businesses and citizens, ensuring they fully understand and comply with anti-money laundering and terrorist financing obligations.
The Deputy Governor further stated that the workshop aligns with Actions 1 and 7 of the National Action Plan, demonstrating that competent authorities have deepened their understanding of money laundering and terrorist financing risks. They are actively implementing measures to mitigate these risks through strategic policies and guidance for the private sector in risk identification and compliance with anti-money laundering and terrorist financing regulations.
During the workshop, Ms. Nguyen Thi Minh Tho, Deputy Director of the Anti-Money Laundering Department at the State Bank, presented revisions to Circular No. 27/2025/TT-NHNN. These changes aim to address key challenges faced by reporting entities during implementation.
Key revisions include: Criteria and methods for assessing money laundering risks; risk management processes and customer risk categorization; internal anti-money laundering regulations; reporting thresholds for large transactions and suspicious activities; electronic money transfer reporting; digital data reporting formats and deadlines; and updates to risk assessment and suspicious transaction report templates.
Circular 27 underscores a risk-based management approach, mandating organizations to regularly update and assess money laundering risks. It requires the establishment of customer identification and verification procedures, including for non-account holders or low-activity customers. Reporting entities must continuously monitor business relationships to ensure transactions align with legitimate funds and customer profiles.
Additionally, the workshop covered anti-money laundering measures in the Digital Technology Industry Law and Resolution No. 05/2025/NQ-CP on Vietnam’s pilot cryptocurrency market. Strict adherence to anti-money laundering regulations is essential for the safety and sustainable growth of the national financial and economic system.
State Bank leaders also outlined legal provisions and international standards from the Financial Action Task Force (FATF) related to national risk assessments. Representatives from the Ministry of Public Security and the State Bank shared updates on the 2023-2025 national risk assessment for money laundering and terrorist financing, along with plans for the 2023-2027 assessment phase.
Thúy Hà
– 12:01 16/10/2025
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