Regulatory Alerts2018-09-24
Decision on Detailed Conditions and Manner of Opening, Maintaining and Closing Current Accounts
The Governor of the National Bank of Serbia issued this Decision to establish detailed conditions and procedures for opening, maintaining, and closing current accounts held with the National Bank of Serbia, banks, and the Treasury Administration. The regulation specifies distinct documentation requirements and operational protocols for account holders, including legal persons, entrepreneurs, and consumers, while mandating compliance with anti-money laundering laws. It also outlines the procedures for account closure due to bankruptcy, liquidation, or status changes, and repeals previous regulations on bank accounts effective October 1, 2015.
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