Circular No. 27/2025/TT-NHNN guiding the implementation of a number of articles of the Law on Prevention and Control of Money Laundering officially takes effect from November 1, 2025.
Pursuant to Article 9 of Circular 27/2025/TT-NHNN, the regime of reporting cryptocurrency transfer transactions is regulated as follows:
The reporting subject is responsible for collecting information in Clause 3 of this Article and reporting to the Department of Prevention and Control of Money Laundering by electronic data as prescribed in Clause 1, Article 10 of this Circular when conducting cryptocurrency transfer transactions in the following cases:
cryptocurrency transfer transactions in which all financial institutions participating in cryptocurrency transfer transactions specified in Clause 1, Article 8 of this Circular in Vietnam (hereinafter referred to as domestic cryptocurrency transfer transactions) have a cryptocurrency transfer transaction value of VND 500,000,000 (five hundred million) or more or in foreign currency with equivalent value;
cryptocurrency transfer transactions in which at least one of the financial institutions participating in the cryptocurrency transfer transaction specified in Clause 1, Article 8 of this Circular in countries and territories outside of Vietnam (hereinafter referred to as international cryptocurrency transfer transactions) has an electronic transfer transaction value of 1,000 (one thousand) USD or more or in other foreign currencies of equivalent value.
In case the reported subject is an intermediary financial institution in the transaction of cryptocurrency transfer, it is not required to report according to the provisions of Clause 1 of this Article.
According to the above regulations, the reporting subject is responsible for collecting information when transferring money from 500 million VND or from 1,000 USD or more (for international transactions) and must report to the Department of tien Prevention and Control using electronic data.
The content of the money transfer transaction report from 500 million VND is stipulated in Clause 3, Article 9 of Circular 27/2025/TT-NHNN.
Information on the financial institution initiating and receiving the transaction includes: Transaction name of the organization or transaction branch; head office address (or bank code for domestic cryptocurrency transfer transactions, SWIFT code for international cryptocurrency transfer); country of receipt and transfer;
Information about customers who are individuals participating in cryptocurrency transfer transactions: Full name, date, month, year of birth; ID card number or citizen identification number or personal identification number or passport number; entry visa number (if any); permanent registration address or other current residence (if any); nationality (according to transaction documents);
Information about customers who are organizations participating in cryptocurrency transfer transactions: Full name and abbreviation of the transaction (if any); head office address; establishment license number or business code or tax code; country where the head office is located;
Information on transactions: Account number (if any); amount; type of money; amount converted into Vietnamese Dong (if the transaction type is foreign currency); reason, purpose of transaction; transaction date; transaction code or unique reference number in case there is no account number, identification number of the initiator sent by a financial institution or intermediary financial institution to ensure traceability of the transaction;
Other information as required by the Department of Prevention and Control of Money Laundering to serve the state management of money laundering prevention and control in each period.
