Illustrative image (Photo: SBV) 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
