THE STATE BANK OF VIETNAM

Circular No. 28/2013/TT-NHNN dated December 05, 2013 of the State Bank of Vietnam promulgating the regulations on handing counterfeit money and money suspected to be counterfeit in bank sector  
Pursuant to the Law No. 46/2010/QH12 dated June 16, 2010 on the State Bank of Vietnam;
Pursuant to Decree No. 96/2008/ND-CP August 26, 2008 of the Government defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;
Pursuant to Decree No. 130/2003/QD-TTg dated June 30, 2003 of the Prime Minister on protection Vietnamese currency;
At the proposal of Director of the Issuing and Vault Department;
The Governor of State Bank of Vietnam Issuing the Circular promulgating the regulations on handing counterfeit money and money suspected to be counterfeit in bank sector.
Chapter 1.
GENERAL REGULATION
Article 1. Scope of adjustment
This Circular provides for the seizure of counterfeit money, temporary seizure of money suspected being counterfeit; verification of counterfeit money and suspected counterfeit money; stamping of counterfeit money;
Article 2. Subjects of application
1. The State Bank of Vietnam (hereinafter called the State Bank), credit institutions and branches of foreign banks.
2. Organizations and individuals having counterfeit money and suspected counterfeit money in cashtransactions with the organization specified in Clause 1 of this Article.
Article 3. Term explanations
In this Circular, the terms below are construed as follows:
1. Counterfeit money is the type of money made similarly with Vietnamese currency but is not printed, cast or issue;
2. New counterfeit money is the money which has not been announced in writing by the State Bank (or the Ministry of Public Security);
3. Suspected counterfeit money is the money which has not been concluded as real or counterfeit money;
4. Security features are the ones on the money to be distinguished from real and counterfeit money;
5. Customers are individuals and organizations doing the cash transaction with the State Bank, credit institutions and branches of foreign banks;
Chapter 2.
SPECIFIC REGULATIONS
Article 4. Responsibility for seizure of counterfeit money and suspected counterfeit money
1. 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 in Article 5 of this Circular; upon detecting the suspected counterfeit money, they must temporarily seize it under the provisions in Article 6 of this Circular;