Vietnam Tightens Anti-Money Laundering Rules: Stricter Transfer, Cash Reporting
The State Bank of Vietnam (SBV) has issued a new circular, 27/2025/TT-NHNN, to strengthen anti-money laundering (AML) measures. Effective November 1, 2025, it introduces stricter reporting requirements for domestic and international news transfers, as well as for carrying cash, gold, and other precious metals.
Domestic news transfers of VND500 million ($18,952) or more and international transfers involving entities outside Vietnam of $1,000 or more must now be reported to the SBV's anti-money laundering department. This includes transfers made through banks and non-bank institutions.
The circular also extends reporting requirements to carrying cash and gold upon entry or exit, aligning with existing SBV regulations. Travelers carrying platinum, gemstones, or other precious metals valued at VND400 million ($15,162) or more must declare them at customs.
Organizations are given until January 1, 2026, to fully comply with the new provisions. This includes deploying automated monitoring software to flag suspicious activity. However, certain transitional provisions will apply until January 1, 2026.
The new circular, effective November 1, 2025, aims to enhance Vietnam's AML efforts. It targets large news transfers and the transportation of high-value cash and precious metals. Organizations have until January 1, 2026, to implement the new rules, with some transitional provisions in place.
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