The State Bank of Vietnam held a wrap-up meeting with an International Monetary Fund (IMF) technical assistance mission to review progress under an anti-money laundering and counter-terrorist financing (AML/CFT) project that has been running since late 2022. The central output highlighted was the development, refinement and initial deployment of a money laundering and terrorist financing risk assessment toolkit for the banking sector. IMF experts noted the State Bank of Vietnam’s work to improve the toolkit’s methodology and streamline its use through information technology, and pointed to its use of system-wide risk assessment results to help design AML/CFT inspection and examination plans as a move toward risk-based supervision consistent with international practice. The Deputy Governor linked the accelerated adoption of a risk-based approach to Vietnam’s commitments to the Financial Action Task Force (FATF) following the country’s placement under increased monitoring in 2023, and highlighted joint training and outreach workshops for inspection staff across the State Bank of Vietnam and relevant ministries. The State Bank of Vietnam and the IMF agreed to continue activities under the project, including advisory work to further strengthen the AML/CFT legal framework.
State Bank of Vietnam 2025-10-31
State Bank of Vietnam reviews IMF technical assistance work and advances risk-based AML CFT supervision using a new banking risk assessment toolkit
The State Bank of Vietnam concluded a meeting with the IMF to review progress on an anti-money laundering and counter-terrorist financing project. Key developments include deploying a risk assessment toolkit for the banking sector and enhancing its methodology and IT integration. The project aligns with Vietnam's commitments to the Financial Action Task Force and will continue with further advisory work to strengthen the AML/CFT legal framework.