Regulatory Alerts2022-09-19
Instruction No. 204 on the Procedure for Carrying Out Money Transfer Operations by Individuals Without Opening Bank Accounts
The National Bank of Tajikistan issued Instruction No. 204 to establish the procedure and rules for individuals, both residents and non-residents, to conduct money transfer operations without opening bank accounts through authorized banks. The regulation mandates that authorized banks maintain certified software, operational cash desks, and trained staff to process cash and non-cash transfers in real time, while requiring individuals to present valid identification and purpose-specific documentation for transactions up to 1,750 calculation indicators. It further stipulates strict accounting, monthly reporting to the central bank, and five-year document retention, with non-compliance subject to corrective measures enforced by the National Bank of Tajikistan.