Bank Of Georgia Kyc Form Updated -

Introduction

Part 3: Who Must Fill Out the Updated Form?

• Missing UBO details (for companies)
• Outdated address proof (older than 3 months)
• Inconsistent signatures across pages
• Failure to date the form

Accounts with zero balance and no activity for more than 12 months may be closed rather than updated. Dormant account holders are advised to contact customer service before submitting the form.

• Individual (Personal Account)
• Legal Entity (Corporate Account) – including Sole Proprietorships (IPs in Georgian law)
• Trust or Foundation

Wait Times

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

Bank of Georgia KYC form updated

The initiative is driven by three primary factors: Introduction Part 3: Who Must Fill Out the Updated Form

1. Expanded Definition of "Beneficial Owner"