This briefing explores Vietnam’s new beneficial ownership regulations following its inclusion on the FATF grey list, highlighting key compliance duties and international comparisons.

In response to Vietnam’s inclusion on the FATF grey list, regulators have taken swift action to strengthen the country’s anti-money laundering framework. A central focus of these reforms is the introduction of the “beneficial ownership” concept into the amended draft legislation — a vital step toward improving corporate transparency and aligning with international standards.

In this briefing, Ms. Tan Ho(Associate) of LNT & Partners examine the emerging regulatory landscape, offering:

- A breakdown of the newly introduced definition of beneficial ownership

- Key compliance obligations for enterprises: data collection, updates, and reporting

- Comparative insights from the US, Singapore, Thailand, and China

- Practical guidance for businesses in Vietnam, especially those with cross-border or complex structures

This publication is essential reading for compliance officers, legal counsel, and corporate leaders seeking to proactively address regulatory risks and ensure full alignment with upcoming legal requirements.

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