Kyc Form Updated Patched - Bank Of Georgia

Enter your full name exactly as it appears in your passport.

While some branches may accept a hotel address for short-term stays, you increasingly need proof of a local or permanent home country address.

Provide a valid TIN or a legal explanation if your country does not issue one. What Happens After Submission? bank of georgia kyc form updated

Existing account holders may face "dox" requests (informal term for documentation packages) at any point in the account lifecycle, not just at onboarding.

The updated questionnaire requires highly specific details regarding how you accumulate wealth. Instead of simply checking a box for "Employed," you must now provide: The exact name and registration details of your employer. Your monthly or annual net income. Enter your full name exactly as it appears in your passport

Stricter vetting for high-risk profiles, politically exposed persons (PEPs), and cross-border transactions.

Bank of Georgia, as one of the country's largest and oldest financial institutions, is required to perform regular KYC reviews for all account holders. This means that even if you successfully opened an account years ago, the bank may contact you periodically to verify that your information is still accurate and up to date. What Happens After Submission

. Instead of "business income," write "monthly salary from X Company as a software developer" or "consulting fees from clients Y and Z under contracts dated..."

A source of funds declaration and documentation, including address confirmation (often via utility bills for residents). Tax Status: For residents, a tax residency certificate from the Revenue Service of Georgia is required. Why This Matters Now

What businesses should check