Bank

As of November 1st, Transactions Over 500 Million VND Must Be Reported to the Anti-Money Laundering Agency

As of November 1, 2025, under Circular 27/2025 issued by the State Bank of Vietnam, all financial transactions exceeding 500 million VND or its equivalent must be declared. This regulation aims to enhance financial transparency and combat money laundering activities.

Administrator

2 November, 2025

Transactions of VND 500 million or more must be reported to the Anti-Money Laundering Department. (Image: Vietnam+)

According to Circular 27/2025 issued by the State Bank of Vietnam, effective from November 1, 2025, financial institutions conducting domestic electronic money transfers valued at VND 500 million or more, or the equivalent in foreign currency, must collect information and report it to the Anti-Money Laundering Department via electronic data.

For international transactions, the reporting threshold is set at USD 1,000 or more, or the equivalent in other foreign currencies. This regulation aims to strengthen control over large cash flows, prevent money laundering and terrorist financing, and enhance the transparency of the financial system.

Electronic money transfers exempt from reporting include: Transactions originating from debit card, credit card, or prepaid card payments for goods and services; money transfers and payments between financial institutions where both the originator and beneficiary are financial institutions acting on their own behalf.

The circular also mandates that individuals carrying precious metals (excluding gold) such as silver, platinum, silver and platinum jewelry, and alloys containing silver or platinum; precious stones (diamonds, rubies, sapphires, and emeralds), and transferable instruments valued at VND 400 million or more must declare them to customs authorities when exiting or entering the country.

Individuals carrying precious metals or stones must present invoices from licensed businesses or organizations authorized to trade in these items. In the absence of an invoice, alternative documents proving the legal origin from a licensed business or organization must be provided.

Documents submitted to customs authorities must be originals or certified copies in accordance with the law. If invoices or proof of origin are in a foreign language, a certified Vietnamese translation must be provided.

Relevant documents to be presented to customs (when individuals carry foreign currency, Vietnamese currency, or gold exceeding the declarable value) are subject to the current regulations of the State Bank of Vietnam regarding the carriage of foreign currency, Vietnamese currency, and gold upon exit or entry.

Thúy Hà

– 2:31 PM, November 1, 2025