Free Newsletter Get the hottest Fintech Singapore News once a month in your InboxVietnam’s central bank is ordering banks to report every domestic transfer of VND500 million or more starting this November to tighten its anti-money laundering oversight, according to a report by The Investor Vietnam. The new rules also cover cross-border payments, requiring transactions of US$1,000 or higher to be reported to regulators. The State Bank of Vietnam (SBV) said the new measures are designed to bring the country’s banking system in line with international standards on anti-money laundering, counter-terrorism financing and preventing the funding of weapons proliferation. The SBV has positioned these measures as a key step to bolster financial transparency and improve oversight of high-value transactions. With the new framework, Vietnam aims to close loopholes in its banking system and reinforce its compliance with global anti-money laundering obligations.