Vietnam: Updates to Banking, AML and Crypto Regulations

In brief

On 24 August 2026, the National Assembly passed Law No. 23/2026/QH16, amending the Law on the State Bank of Vietnam, the Law on Anti-Money Laundering ("AML Law") and the Law on Credit Institutions ("Law No. 23"). Law No. 23 brings crypto-asset services within the AML reporting framework and introduces 15 crypto-specific suspicious transaction indicators. It also expands customer due diligence requirements, particularly for legal arrangements, strengthens the State Bank of Vietnam (SBV)'s supervisory powers, and expressly permits commercial banks to act as security-asset management agents for corporate bonds. Law No. 23 will take effect from 1 December 2026.

Download the full Vietnam: Updates to Banking, AML and Crypto Regulations