Press release on issuance of Circular No.

09/2023/TT-NHNN
Hanoi, July 28, 2023 – The Governor of the State Bank of Vietnam (SBV) has issued Circular No.
09/2023/TT-NHNN providing guidance for the implementation of a number of Articles of the Law on
Anti-Money Laundering.
The new Circular stipulates the criteria, the methods of assessing the risks of money laundering of the
subjects to reporting; the procedures for managing the risks of money laundering and the
classification of customers based on the levels of risks of money laundering; the internal regulations
on anti-money laundering; the reporting requirements related to high-valued transactions; the
reporting requirements related to suspicious transactions; electronic money transfer transactions; the
reporting requirements related to electronic money transfer transactions; the forms and timelines for
the electronic reports.
The new Circular comprises of 12 Articles.
The new Circular took effect from the date of signing (July 28, 2023), with the exception of the
regulations on the procedures for managing the risks of money laundering as stipulated in Paragraph
2 of Article 5; the regulations on the reporting requirements related to high-valued transactions as
stipulated in Article 6; the regulation on the reporting requirements related to electronic money transfer
transactions as stipulated in Article 9; and the forms for the reports on suspicious transactions as
stipulated in Appendix II. These regulations will come into effect on December 1, 2023.
Translated by Le Hang