Physical signatures are still accepted for legacy accounts, but the new form strongly prioritizes via the Bank of Georgia’s mobile app ("iBank" or "SOLO"). Customers updating their details remotely must now complete a live liveness check and upload scanned QR-coded forms only.
: Recent utility bills, official correspondence, or a notarized lease agreement.
Fill out the digital form carefully. You will be asked questions regarding your monthly income, employment status, source of funds, and whether you are a Politically Exposed Person (PEP). bank of georgia kyc form updated
: Under CRS, BOG must collect and exchange tax information. You are now required to provide your Tax Identification Number (TIN) from your country of residency. Essential Documentation for 2026
: Documents identifying ultimate beneficial owners (UBOs) holding over 10% shares. Physical signatures are still accepted for legacy accounts,
In April 2026, the National Bank of Georgia announced tighter payment service regulations designed to protect consumers—particularly those over age 60—from financial fraud. These updated rules introduce stronger user authentication requirements and enhanced consumer protection mechanisms. While these changes primarily affect payment services, they signal the NBG's commitment to a more secure banking environment overall.
Bank of Georgia (BOG) has updated its Know Your Customer (KYC) procedures. This update impacts both international clients and local account holders. Financial institutions globally are tightening regulations to prevent money laundering and ensure tax compliance. Bank of Georgia is aligning its systems with these international standards. Why Bank of Georgia Updated Its KYC Process Fill out the digital form carefully
Bank of Georgia will report the account balance, interest, and gross proceeds to the tax authority of your country of residence if it is a CRS-participating jurisdiction (including all EU countries, UK, China, India, UAE, etc.).
To comply with the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA), the bank requires updated Tax Identification Numbers (TINs) for all countries where you hold tax residency. 4. Expanded Documentation Requirements
: Ensures compliance with evolving global sanctions. Key Changes in the New KYC Form