In the context of increasingly diverse financial and credit activities, anti-money laundering activities remains an important requirement to ensure the transparency and safety of the financial system and compliance with legal regulations. For a microfinance institution, effective implementation of anti-money laundering measures is not only a legal compliance requirement but also contributes to strengthening risk management capacity, protecting the institution’s reputation, and reinforcing client trust.
To enhance the knowledge and professional skills of staff, on 22 May 2025, TYM organized a training program titled “Strengthening professional capacity in anti-money laundering operations”, with direct guidance and sharing from Mr. Nguyen Binh Hanh, Deputy General Director. The training program was attended both online and in person by all staff across the TYM system who are directly involved in anti-money laundering operations.
Mr. Nguyen Binh Hanh, Deputy General Director of TYM, directly delivered the training content during the program.
The training program was organized with the objective of helping staff fully update their knowledge of current legal regulations on anti-money laundering, improve their capacity to identify, assess, and control money laundering risks, thereby ensuring compliance with legal requirements and effectively controlling the risks of money laundering through TYM’s products and services.
Participants at the Head Office and online meeting points also joined a quick assessment on anti- money laundering operations at the beginning of the training session.
The training content focused on providing updates and an overview of the legal framework on anti -money laundering in Vietnam. Relevant legal documents included the Law on Credit Institutions 2024, the Anti-Money Laundering Law 2022, the Law on Anti-Terrorism 2013, and guiding regulations issued by the Government and the State Bank of Vietnam. These regulations require financial institutions to fully implement customer due diligence measures, risk classification and assessment, transaction monitoring, suspicious transaction reporting, record retention, and internal training to prevent misuse of the financial system for money laundering and terrorist financing activities.
One of the key topics of the program was the update on new provisions under Circular 27/2025/TT- NHNN issued by the State Bank of Vietnam, which provides guidance on several articles of the Anti-Money Laundering Law. Accordingly, the provisions under Circular 27/2025/TT-NHNN have been translated into TYM’s internal regulations, including procedures for risk management when products or services are provided to clients before completion of customer identification verification as required by regulations, strengthened requirements for customer risk assessment based on a risk based approach, additional guidance on identifying beneficial owners, increased frequency of updating customer identification information for clients classified as high money laundering risk, implementation of suspicious transaction reporting when there are reasonable grounds in cases where customer identification verification cannot be completed, and strengthened responsibilities of units in record retention, reporting, and coordination in providing information to competent authorities…
Through the training program, participating staff were also informed of the results of TYM’s 2025 money laundering risk assessment. Based on the assessment results, money laundering risk at TYM under the evaluation criteria was identified as “Low”. The adequacy of anti-money laundering policies and internal regulations was assessed at a “Moderately High” level, reflecting TYM’s continuous efforts to improve its internal regulatory system, control procedures, and management mechanisms in line with current legal requirements. On that basis, the overall money laundering risk level at TYM was assessed as “Low”.
The training program also devoted important time to updating legal responsibilities related to anti money laundering under Decree 340/2025/NĐ-CP. Accordingly, relevant units and individuals are required to fully carry out responsibilities related to customer due diligence, periodic customer information updates, suspicious transaction reporting, record retention within the required period, and coordination with competent authorities during inspections, examinations, and information verification. The Decree clearly stipulates sanctions for violations of anti-money laundering regulations, including administrative penalties, remedial measures, and consideration of liability for individuals and organizations that fail to perform or inadequately perform their responsibilities in accordance with the law.
Through this training activity, participating staff enhanced their awareness of their roles and responsibilities in anti-money laundering work, while also strengthening their skills in identifying and reporting suspicious transactions. The discussions and exchanges during the program also helped strengthen coordination among units across the system, contributing to improved effectiveness in implementing anti money laundering measures at TYM.
On an annual basis, TYM will continue to prioritize training and professional capacity building in anti-money laundering, regularly update staff on new legal regulations, and strengthen the application of technology in risk management and monitoring to ensure safe, transparent, and compliant operations. This is also one of the important solutions for enhancing risk management capacity, protecting TYM’s reputation, and supporting its sustainable development in the new phase.
Department of Administration and External Relations