Regulatory Alerts2026-07-23
Added · Updated
Circular No. 37/2026/TT-NHNN amending retention periods for banking records and documents
Credit institutions, foreign bank branches, and payment intermediary service providers must transfer electronic records related to payment accounts, e-wallets, and anti-money laundering to the State Bank upon dissolution, bankruptcy, or license revocation, with a minimum retention period of five years at the State Bank. The document updates the Appendix to Circular No. 04/2025/TT-NHNN by setting a ten-year retention period for customer account transaction records in the payment sector and for various anti-money laundering records, including suspicious transaction reports and IT system designs. Customer identification information, transaction records, and risk assessment reports in the anti-money laundering sector are subject to a five-year retention period calculated from the end of the transaction or termination of the business relationship. This Circular takes effect from July 2026.