Hanoi, July 27 -- Resolution No. 66.23/2026/NQ-CP, issued on July 24, amends and supplements a number of provisions of the 2022 Law on Anti-Money Laundering and related guiding documents regarding the identification of beneficial ownership, customer due diligence, transparency of legal arrangements, risk-based customer classification, and the frequency of updating customer information.

Under the resolution, reporting entities shall be required to collect additional customer information in specified cases. For customers participating in trust arrangements or similar legal structures, reporting entities must obtain information on all parties performing roles equivalent to those in trust arrangements.

In the life insurance sector, reportin...