| Issuing body: | Prime Minister | Effective date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Official number: | 11/2023/QD-TTg | Signer: | Le Minh Khai |
| Type: | Decision | Expiry date: | Updating |
| Issuing date: | 27/04/2023 | Effect status: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Fields: | Finance - Banking |
From December 1, transactions valued at VND 400 million or more are subject to reporting
On April 27, 2023, the Prime Minister issues Decision No. 11/2023/QD-TTg on high value transactions subject to reporting. To be specific:
- The value level of high value transactions subject to reporting is VND 400,000,000 (four hundred million) or more.
This Decision takes effect from December 1, 2023.
THE PRIME MINISTER |
| THE SOCIALIST REPUBLIC OF VIETNAM |
No. 11/2023/QD-TTg |
| Hanoi, April 27, 2023 |
DECISION
Providing for the minimum level of high-value transactions
subject to reporting[1]
Pursuant to the June 19, 2015 Law on Organization of the Government; and the November 22, 2019 Law Amending and Supplementing a Number of Articles of the Law on Organization of the Government and the Law on Organization of Local Administration;
Pursuant to the November 15, 2022 Anti-Money Laundering Law;
At the proposal of the Governor of the State Bank of Vietnam;
The Prime Minister promulgates the Decision providing for the minimum level of high-value transactions subject to reporting.
Article 1. Scope of regulation
This Decision provides for the minimum level of high-value transactions subject to reporting to the State Bank of Vietnam in accordance with Clause 2, Article 25 of the Anti-Money Laundering Law.
Article 2. Subjects of application
Financial institutions, and organizations and individuals engaged in related non-financial sectors or trades as specified in Clauses 1 and 2, Article 4 of the Anti-Money Laundering Law.
Article 3. Minimum level of high-value transactions subject to reporting
The minimum level of high-value transactions subject to reporting is VND 400,000,000 (four hundred million).
Article 4. Effect
1. This Decision takes effect on December 1, 2023.
2. This Decision replaces the Prime Minister’s Decision No. 20/2013/QD-TTg of April 18, 2013, providing for the minimum level of high-value transactions subject to reporting.
3. Ministers, heads of ministerial-level agencies, heads of government-attached agencies, chairpersons of provincial-level People’s Committees and related organizations and individuals shall implement this Decision.-
For the Prime Minister
Deputy Prime Minister
LE MINH KHAI
[1] Công Báo Nos 693-694 (10/5/2023)
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Vietnamese