light-check Increase in level of high value transactions subject to report

Decision No. 11/2023/QD-TTg dated April 27th, 2023 of the Prime Minister regulating level of high value transactions subject to report
Posted: 4/5/2023 8:54:53 AM | Latest updated: 8/5/2023 9:47:44 PM (GMT+7) | LuatVietnam: 5690 | Vietlaw: 610

This Decision increases level of high value transactions subject to report to the State Bank of Vietnam from VND 300,000,000 (under Decision No. 20/2013/QD-TTgstatus3 ) to VND 400,000,000, applicable from December 1st, 2023.

Responsibility to report high value transactions still belongs to financial organizations, relevant organizations or individuals doing non-financial business as prescribed in clause 1 and clause 2 Article 4 of the Law on Prevention of money laundering.

This Decision takes effect from December 1st, 2023 and replaces Decision No. 20/2013/QD-TTgstatus3 dated April 18th, 2013.

Ms Phuong Thao (
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Effective Date 1-Dec-2023
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Published Vietlaw's Newsletter No. 610

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