On December 05, 2013, the State Bank of Vietnam issued the Circular No. 28/2013/TT-NHNN regulated that The State Bank branches of provinces and cities directly under the Central Government (hereafter referred to as branch of State Bank).
The Transaction Center of State Bank (hereafter referred to as Transaction Center), credit institutions and branches of foreign banks, upon detecting counterfeit money in cash transaction with customers, must seize it under the provisions; upon detecting the suspected counterfeit money, they must temporarily seize it under the provisions.
In the case that there are suspicious signs of storing, transporting and circulating counterfeit money; new counterfeit money; there are 05 notes of counterfeit money (or five pieces of counterfeit coin) or more in a transaction.
The customers do not comply with the making of record and seizure of counterfeit money, the State Bank branches, the Transaction Centers, the credit institutions and branches of foreign banks must promptly inform the nearest public security authority for coordination of handling upon detection. In particular, strictly prohibiting the return of counterfeit money or suspected counterfeit money to customers.
Also in accordance with this Circular, the persons seizing counterfeit money or money suspected being counterfeit must be trained with skills to recognize real or counterfeit money or techniques of money verification, and the persons seizing counterfeit money and suspected counterfeit money of the State Bank must be trained with techniques of money verification;
This Circular takes effect on January 20, 2014 and supersedes the Decision No. 28/2008/QD-NHNN dated October 10, 2008
