To ensure your account remains in good standing, follow this compliance checklist.
The mandate is retroactive and proactive. You are required to submit the Bank of Georgia KYC form updated version if:
Important: Failure to submit the updated form by the deadline will result in gradual restriction – first, outgoing SWIFT transfers are frozen; then debit cards are suspended; finally, the account becomes "view-only" with no transaction capability. bank of georgia kyc form updated
Q: Is there a fee to submit the updated KYC form? A: No. Bank of Georgia does not charge for KYC updates. However, notarization of documents (if required) carries a cost of 10-50 GEL per page at a Georgian notary office.
Q: Do I need to visit Georgia to submit the form? A: Not necessarily. If you are a non-resident with a standard personal account, you can complete the form online and upload notarized copies. For corporate accounts or complex ownership structures, a video call with a compliance officer may be mandatory in lieu of a physical visit. To ensure your account remains in good standing,
Q: What if I refuse to provide my foreign TIN? A: Under CRS rules, Bank of Georgia is legally obligated to report accounts without a TIN as “undocumented.” This may lead to withholding taxes or account restriction. It is strongly recommended to provide the TIN.
Q: My company structure changed after submitting the form. What should I do? A: You must file an updated KYC form within 30 days of any change to directors, UBOs, or authorized signatories. Use the “Amendment” section of the form. Important: Failure to submit the updated form by
Common mistakes that cause rejection: