Regulatory Alerts2022-10-07
Instruction No. 171 on the Procedure for Opening, Re-registering, and Closing Bank Accounts by Credit Financial Organizations in the Republic of Tajikistan
The National Bank of Tajikistan issued Instruction No. 171 to regulate the procedures for opening, maintaining, re-registering, and closing bank accounts in both national and foreign currencies for all client categories. The document establishes strict requirements for credit financial organizations regarding client identification, documentation, and the prohibition of unjustified account refusal or fund usage control. It further details specific operational protocols for Islamic banking, correspondent accounts, and the use of remote identification technologies for account opening.
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