The updated KYC form requires a deeper level of transparency compared to older versions. While the basic personal documentation remains the same, the bank now focuses heavily on the source of funds and the nature of business relationships. 1. Granular Wealth and Source of Income Tracking
: This section has become noticeably more detailed. You may be asked to describe your work status (e.g., employed, self-employed, personal business), provide information about your employer or clients, and specify the source of funds you intend to deposit.
As of early 2026, has streamlined its Know Your Customer (KYC) process for both residents and non-residents, increasingly favoring digital submissions. For most foreign applicants, the primary point of entry is now the Electronic KYC Portal (kyc.bog.ge). Updated KYC Requirements (2025–2026) bank of georgia kyc form updated
Whether you are an expat residing in Georgia, an international business owner, or a non-resident utilizing BOG's services, here is a comprehensive guide on how, when, and why you need to complete the updated KYC procedures. Understanding KYC and Its Importance
The Bank of Georgia updated its KYC form to comply with the latest regulatory requirements and to enhance its anti-money laundering (AML) and combating the financing of terrorism (CFT) measures. The updated form is designed to collect more detailed information about customers, which will help the bank to better assess potential risks and prevent financial crimes. The updated KYC form requires a deeper level
. These changes are part of a broader regulatory push by the National Bank of Georgia (NBG) to increase scrutiny on cash settlements and crypto-related transactions. Key Updates to KYC Requirements
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.). Granular Wealth and Source of Income Tracking :
Better biometric and data verification to protect accounts from identity theft. Key Changes in the Updated Form
If there has been a change in your employment status, your primary source of income, your residential address, or your tax residency.