Regulatory Alerts2023-05-18
Decision on Conditions of Opening and Maintaining Foreign Exchange and Dinar Accounts
The Executive Board of the National Bank of Serbia issued this Decision to prescribe the conditions and procedures for banks to open, maintain, and close foreign exchange and dinar accounts for residents and non-residents. It establishes detailed requirements for account documentation, including specific identification and authorization documents for legal entities and natural persons, while simplifying submission processes by allowing direct data access from official registers. The regulation further mandates strict adherence to anti-money laundering protocols, defines the handling of accounts during bankruptcy or liquidation, and sets rules for the closure of accounts and the issuance of closing certificates.
Share