Circular stipulates new regulations on electronic money transfers

The State Bank of Vietnam has issued a circular guiding certain provisions of the Law on Money Laundering Prevention and Control.
Circular stipulates new regulations on electronic money transfers ảnh 1Illustrative image (Photo: SBV)
Hanoi (VNA) –  The State Bank of Vietnam has issueda circular guiding certain provisions of the Law on Money Laundering Prevention and Control.

The document provides regulations on criteria and methods for assessing moneylaundering risks of reporting entities; the process of managing moneylaundering risks and classifying customers in accordance with their level ofmoney laundering risk; and internal regulations on anti-money laundering.

It also stipulates the reporting of high-value transactionsand suspicious transactions, electronic money transfer transactions; and formsand  fix deadlines for electronic data reporting.

Particularly,reporting entities must submit a report to agencies responsible for anti-moneylaundering activities, which includes personal information of individualsinvolved in electronic transfer transactions if the transaction is equal to orexceeds 500 million VND (21,097 USD), the circular said.

The circular also states clearly cases where individualsconduct transactions exceeding 500 million VND but are not required to reportto the state agency. /.
VNA

See more

About 90-100% of labourers in Bac Giang province come back to work after Tet holiday. (Photo: VNA)

Labour market to see changes in key industries

In order to make up for the shortages caused by resignations or job changes in the last months of the year, businesses typically hire extra employees. For job seekers, particularly those with specialised talents or experience, the labour market is now opening up a wide range of choices.

Vietnamese Ambassador to Thailand Pham Viet Hung (left) and head of the Vietnamese delegation Phan Thi Minh Giang at the conference. (Photo: VNA)

Vietnam actively contributes to GCM review conference

Deputy Director of the Consular Department Phan Thi Minh Giang highlighted Vietnam’s achievements in three key areas: refining migration policies and laws, improving data collection, and enhancing international cooperation for safe and legal migration channels.

Many motorists now adhere to regulations voluntarily. (Photo: VNA)

Traffic violations decrease under Decree 168

A notable reduction has been recorded in the number of violations handled over the past month compared to the previous period, reflecting an increased sense of responsibility among road users.

Party General Secretary To Lam offers incence at the graves of martyrs at the Vi Xuyen national martyrs’ cemetery. in Ha Giang province on February 5. (Photo: VNA)

Party chief offers incense to martyrs in Ha Giang

Party General Secretary To Lam and his entourage observed a moment of silence, offering flowers and incense to pay tribute to the fallen soldiers at the Vi Xuyen national martyrs’ cemetery in the northern province of Ha Giang on February 5.

At a job fair in HCM City (Photo: VNA)

Job market to surge in 2025, technology and sustainability leading the way

TopCV predicts that roles such as software developers, data analysts and cybersecurity engineers will dominate the labour market in the technology sector, while manufacturing and logistics industries are expected to prioritise recruitment of automation engineers, supply chain managers and quality control specialists to optimise processes and integrate new technologies.

Thu Duc city covers an area of about 21,156ha. (Photo nongnghiep.vn)

HCM city’s urban area master plan approved

Thu Duc city will be an area leading the HCM City’s economy and other metropolitan areas through knowledge-based economic activities such as training, research, high-tech production and development cooperation.