What money transfers must be reported?

Under the new regulations, money transfer transactions worth 1,000 USD or more, with participating organizations located outside Vietnam, must be reported to the authorities.

Circular No. 27/2025/TT-NHNN of the State Bank guiding the implementation of a number of articles of the Law on Anti-Money Laundering is built on the basis of inheriting the provisions of Circular No. 09/2023/TT-NHNN and amending and supplementing a number of contents to remove obstacles in the management process; at the same time, ensuring the Government 's commitment to preventing and combating money laundering, terrorist financing, and financing the proliferation of weapons of mass destruction.

Many new regulations on anti-money laundering - Illustration photo.

Notably, the circular clearly stipulates the 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; reporting regime for suspicious transactions; electronic money transfer transactions...

The reporting entity is responsible for collecting information and reporting to the Anti-Money Laundering Department using electronic data when conducting money transfer transactions in the following cases: Money transfer transactions in which organizations participating in the transaction are located domestically with a value of VND 500 million or more or equivalent foreign currency; money transfer transactions in which organizations participating outside the territory of Vietnam have a value of USD 1,000 or more...

The value and documents required to be presented to customs at the border gate when carrying 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, Vietnamese Dong in cash and gold must be declared at customs at the border gate when exiting or entering the country according to current regulations of the State Bank on carrying foreign currency in cash, Vietnamese Dong in cash and gold when exiting or entering the country.

Circular 27 takes effect from November 1, 2025. However, to ensure that reporting entities have adequate preparation time, reporting entities shall continue to implement internal regulations and risk management procedures according to current regulations until December 31, 2025.

From January 1, 2026, reporting entities are responsible for completing the adjustment and updating of internal regulations and risk management processes to ensure full compliance with the provisions of this Circular and building an appropriate information technology system to serve the reporting by electronic data and must have a software system to scan and filter according to blacklists, warning lists, and lists of politically influential individuals as prescribed.

Source: https://hanoimoi.vn/nhung-giao-dich-chuyen-tien-nao-phai-bao-cao-716850.html