Regulatory Alerts2022-09-19
Instruction No. 223 on the Procedure for Notifying Foreign Exchange Operations Related to Capital Movements
The National Bank of Tajikistan issued Instruction No. 223 to establish the notification procedure for foreign exchange operations related to capital movements conducted by legal and natural person residents, including authorized banks. The regulation mandates that residents submit detailed notifications to the National Bank within five working days of commencing an operation or ten working days after opening a foreign bank account, while authorized banks must process payments based on these submissions and file quarterly statistical reports. Non-compliance by residents or servicing banks triggers liability under Tajik regulatory frameworks, ensuring alignment with anti-money laundering and counter-terrorist financing standards.
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