Bank Of Georgia Kyc Form Updated [updated] ✔

Writing "consulting" or "IT services" without elaborating. Instead, use precise descriptions like "Providing software development services to EU-based e-commerce platforms."

In late 2025, the National Bank of Georgia mandated that all commercial banks must capture down to 0.1% shareholding (previously 5%). The old KYC forms did not have sufficient fields for multiple tiers of ownership.

The Bank of Georgia provides multiple channels for these updates:

: Online applications are typically processed within about one week . bank of georgia kyc form updated

Ensure you have digital copies of your passport and proof of income (contract or bank statement) ready. 4. Risks of Non-Compliance

: Cash settlements and high-volume international transfers are subject to stricter monitoring.

The updated questionnaire requires more detailed disclosures than previous versions. Writing "consulting" or "IT services" without elaborating

Full name, date of birth, passport details, and residential address.

The updated KYC form includes a mandatory PEP declaration for immediate family members and close associates. Even if you are not a PEP, you must confirm whether any relative holds a public office. Additionally, a new sanctions clause requires clients to affirm they are not listed on any of the following:

: Ensures compliance with evolving global sanctions. Key Changes in the New KYC Form The Bank of Georgia provides multiple channels for

“Please specify the nature of your primary income source,” the dropdown menu asked. He selected "Freelance IT Consultant."

To ensure your KYC update is successful, have these items ready for upload: Identification : A valid international passport. Financial Proof