Vietnam’s Banking Biometric Crackdown

[madmax]

Vietnam has launched one of the world’s strictest biometric banking mandates. Starting Sept. 1, more than 86 million bank accounts were flagged for closure after failing to complete facial authentication. The measure is meant to curb AI-driven fraud and money laundering, with transactions above 10M VND ($379) now requiring biometric checks. Authorities claim this enhances security, but critics say it represents a new era of financial surveillance where access to money can be cut off instantly for non-compliance.