Vietnam regulates AML/CTF through the AMLD at the State Bank of Vietnam under the Law on Anti-Money Laundering (2022). See the obligations and how MemberCheck supports them.
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Vietnam has strengthened its AML/CTF regime through the Law on Anti-Money Laundering (2022), which sets the core obligations for banks and other reporting entities. The State Bank of Vietnam is the supervisor for credit institutions, payment service providers, and money transfer operators, while the Anti-Money Laundering Department within it is the financial intelligence unit. Vietnam is a member of the Asia/Pacific Group on Money Laundering (APG) and has been under FATF's increased monitoring ("grey list") since June 2023, having made a high-level commitment to address identified deficiencies.
Reporting entities must run customer due diligence, identify beneficial owners, keep records, monitor transactions, and report suspicious activity to the AMLD. Supervisors expect a risk-based compliance framework backed by ongoing monitoring and staff training.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
The central bank is the state management body for AML/CTF and supervises credit institutions, foreign bank branches, payment service providers, and money transfer operators for compliance with the Law on Anti-Money Laundering. Other sectors are supervised by their own line ministries and regulators.
The Anti-Money Laundering Department sits within the State Bank of Vietnam and acts as the country's financial intelligence unit, receiving and analysing suspicious transaction reports. It is a distinct role from compliance supervision, and the SBV has proposed separating the department from the banking supervision agency to reinforce its independence.
Vietnam's principal AML statute. It sets customer due diligence, record-keeping, and reporting duties for banks, financial institutions, and other reporting entities.
Vietnam is an APG member and participates in the FATF-style regional body. Vietnam has also been under FATF's increased monitoring ("grey list") since June 2023, having committed to an action plan to address strategic AML/CTF deficiencies.
The State Bank of Vietnam is the supervisor. It is the state management body for AML/CTF and examines credit institutions, foreign bank branches, payment service providers, and money transfer operators for compliance, with other sectors supervised by their own line ministries and regulators. The Anti-Money Laundering Department (AMLD) within the State Bank is the separate financial intelligence unit, receiving and analysing suspicious transaction reports.
The Law on Anti-Money Laundering (2022) is Vietnam's principal AML statute, setting customer due diligence, record-keeping, and reporting obligations for reporting entities.
Vietnam is not a full FATF member; it is a member of the Asia/Pacific Group on Money Laundering (APG), a FATF-style regional body. Since June 2023, Vietnam has also been placed under FATF's increased monitoring ("grey list") and has committed to an action plan to strengthen its AML/CTF regime.
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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