DECISION

RANGE OF VALUES OF WHICH TRANSACTIONS ARE SUBJECT TO MANDATORY REPORTING

Pursuant to the Law on Organization of the Government of Vietnam dated June 19, 2015; the Law on Amendments to the Law on Organization of the Government of Vietnam and the Law on Organization of the Local Government of Vietnam dated November 22, 2019;

Pursuant to the Law on Anti-Money Laundering dated November 15, 2022;

At the request of the Governor of the State Bank of Vietnam;

The Prime Minister of Vietnam hereby promulgates the Decision on Range of Values of Which Transactions are Subject to Mandatory Reporting.

Article 1. Scope

This Decision provides for the range of values of which transactions are subject to mandatory reporting to the State Bank of Vietnam according to Clause 2 Article 25 of the Law on Anti-Money Laundering.

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Regulated entities are financial institutions and relevant non-financial businesses and professions according to Clause 1 and Clause 4 Article 4 of the Law on Anti-Money Laundering.

Article 3. Range of values of which transactions are subject to mandatory reporting

Transactions valued from 400.000.000 VND (four hundred million) or higher are considered high-value transactions subject to mandatory reporting.

Article 4. Entry into force

1. This Decision comes into force as of December 1, 2023.

2. This Decision replaces Decision No. 20/2013/QD-TTg dated April 18, 2023 of the Prime Minister of Vietnam on range of values of which transactions are subject to mandatory reporting.

3. Ministers, directors of ministerial agencies, directors of governmental agencies, Presidents of People’s Committees of provinces, centrally affiliated cities, and relevant organizations and individuals shall implement this Decision.

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PP. PRIME MINISTER
DEPUTY PRIME MINISTER




Le Minh Khai

Quyết định 11/2023/QĐ-TTg quy định mức giao dịch có giá trị lớn phải báo cáo do Thủ tướng Chính phủ ban hành