Reporting Entities under the Law on Anti – Money Laundering
Article 4 of the 2022 Law on Anti–Money Laundering provides for Reporting Entities as follows:
1. Reporting entities are licensed financial institutions that engage in one or more of the following activities:
a) Receiving deposits;
b) Granting loans;
c) Financial leasing;
d) Payment services;
dd) Intermediary payment services;
e) Issuing negotiable instruments, bank cards, and payment orders;
g) Bank guarantees and financial commitments;
h) Providing foreign exchange services and monetary instruments on the money market;
i) Securities brokerage; securities investment consultancy; securities underwriting;
k) Management of securities investment funds; management of securities investment portfolios;
l) Life insurance business;
m) Currency exchange.
2. Reporting entities also include organizations and individuals conducting designated non-financial businesses and professions, as prescribed by law, that engage in one or more of the following activities:
a) Business in prize-winning games, including: prize-winning electronic games; games provided via telecommunication networks or the Internet; casino operations; lotteries; betting;
b) Real estate business, excluding real estate leasing, subleasing, and real estate consulting services;
c) Trading in precious metals and gemstones;
d) Providing accounting services; providing notarial services; providing legal services by lawyers or law-practicing organizations;
dd) Providing services of establishing, managing, and administering enterprises; providing director or company secretary services to third parties; providing legal arrangement services.
3. The Government shall stipulate newly arising activities that pose money laundering risks for reporting entities not yet regulated under Clauses 1 and 2 of this Article, after obtaining approval from the Standing Committee of the National Assembly.
