Vietnam Online Transfer Reporting Rules Tightened Under AML Framework

Vietnam online transfer reporting rules will be tightened from 1 November as the central bank requires financial institutions to report large domestic and international transfers under new anti-money laundering measures. Banks and payment firms must flag domestic transfers of at least VND500m (USD20,500) or international transfers of USD1,000 or more to the State Bank of Vietnam’s Anti-Money Laundering Department, alongside any suspicious activity. Reports must detail transaction origin, destination, purpose and amount. Institutions have until 31 December to adapt systems, with full compliance required from 1 January 2026, including automatic screening against high-risk and blacklist databases. Officials said the regulation aims to detect illicit flows, curb terrorist financing and align with global AML standards.