Amendments and Additions to the Instruction on the Procedure for Opening, Maintaining, and Closing Bank Accounts

Resolution of the Management Board of the Central Bank of the Republic of Uzbekistan, registered on 11.11.2025, registration number 3420-2

Date of Entry into Force

12.11.2025

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[OKOZ:
1.21.00.00.00 Complex documents for amendments and additions / 21.04.00.00 Departmental normative-legal documents]

[TSZ:

1. State and public structure / Legislative initiative. Norm-making activity]

Resolution of the Management Board of the Central Bank of the Republic of Uzbekistan

On Amendments and Additions to the Instruction on the Procedure for Opening, Maintaining, and Closing Bank Accounts

[Registered by the Ministry of Justice of the Republic of Uzbekistan on November 11, 2025, registration number 3420-2]

In accordance with the Law of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan," the Decree of the President of the Republic of Uzbekistan dated October 4, 2025, No. PF-180 "On Measures to Introduce a Special Tax Regime for Foreign Citizens," the Resolution dated April 30, 2025, No. PQ-153 "On Further Strengthening Activities to Combat Crimes Committed Using Information Technology," and the Resolution dated September 16, 2025, No. PQ-286 "On Further Accelerating the Implementation of Digital Technologies in the Regions, Sectors, and Industries of the Republic," the Management Board of the Central Bank of the Republic of Uzbekistan has decided:

1. Amendments and additions shall be made to the Appendix of the [Instruction](/docs/-6379336?ONDATE=09.02.2023 00#-6379381) on the Procedure for Opening, Maintaining, and Closing Bank Accounts, approved by Resolution No. 30/18 of the Management Board of the Central Bank of the Republic of Uzbekistan dated January 4, 2023 (registration number 3420, February 8, 2023) (National Database of Legal Information, February 9, 2023, No. 10/23/3420/0081).

2. This resolution enters into force from the date of its official publication.

Chairman T. ISHMETOV

Tashkent city,

October 27, 2025,

No. 26/10

Appendix

to the Resolution of the Management Board of the Central Bank of the Republic of Uzbekistan dated October 27, 2025, No. 26/10

Amendments and Additions Being Made to the Instruction on the Procedure for Opening, Maintaining, and Closing Bank Accounts

1. [Paragraph 1](/docs/-6379336?ONDATE=09.02.2023 00#-6379385):

be supplemented with the following seventh bullet point:

“escrow account — a special bank account opened by the bank (escrow agent) to receive and hold funds received from the account holder (depositor), and providing for the obligation to transfer them to another person (beneficiary) upon the existence of grounds specified in the escrow agreement;”;

[seventh — ninth bullet points](/docs/-6379336?ONDATE=06.11.2023 00#-6656602) shall be considered eighth — tenth bullet points, respectively.

2. [Paragraph 2](/docs/-6379336?ONDATE=06.11.2023 00#-6379393) be supplemented with the following sub-paragraph “g1”:

“g1) escrow accounts;”.

3. [Paragraph 4](/docs/-6379336?ONDATE=19.08.2024 00#-7081526) be stated in the following wording:

“4. Information on the opening of bank accounts, transfer to another bank, closing, temporary suspension of operations to debit funds, and their restoration in the BDMAB is formed based on electronic requests sent by banks and is transmitted by the Central Bank's Information Technology Main Center to customer-serving banks and the Committee of Taxes of the Republic of Uzbekistan on the same day. This information is entered into the bank's database programmatically and cannot be modified by the bank.”.

4. The [third bullet point](/docs/-6379336?ONDATE=19.08.2024 00#-6379410) of Paragraph 6 be stated in the following wording:

“Documents for opening bank accounts are submitted by persons authorized by the signatures of the customer on the specimen signature sheet or by persons authorized to act on behalf of legal entities, except for cases of remote opening of bank accounts by legal entities whose founders are residents of the Republic of Uzbekistan, individual entrepreneurs, and IT-Park residents whose founder is a non-resident.”.

5. The [second bullet point](/docs/-6379336?ONDATE=19.08.2024 00#-6379414) of Paragraph 7 be stated in the following wording:

“7. When opening bank accounts for non-resident legal entities that are participants in cryptocurrency exchange transactions, banks must study such non-resident legal entities and the sources of funds credited to their accounts in accordance with the 'Know Your Customer' (KYC, e-KYC and/or video-KYC) and 'Anti-Money Laundering and Combating the Financing of Terrorism' (AML/CFT) systems.”.

6. The [first](/docs/-6379336?ONDATE=19.08.2024 00#-6379415) and [third bullet points](/docs/-6379336?ONDATE=19.08.2024 00#-6379417) of Paragraph 8 be stated in the following wording:

“8. In accordance with the requirements of the Financial Action Task Force (FATF) on combating money laundering, banks may open bank accounts remotely for legal entities whose founders are residents of the Republic of Uzbekistan, individual entrepreneurs, and IT-Park residents whose founder is a non-resident, provided that the necessary conditions for remote identification of applicants exist.

When bank accounts are opened remotely for legal entities whose founders are residents of the Republic of Uzbekistan, individual entrepreneurs, and IT-Park residents whose founder is a non-resident, persons making payments (bank operations) on their behalf must be identified in the prescribed manner, and if electronic signatures or specimen signatures obtained through electronic devices are provided, a paper sheet with specimen signatures is not required.”.

7. The [fourth bullet point](/docs/-6379336?ONDATE=19.08.2024 00#-6379432) of Paragraph 11, the [fourth bullet point](/docs/-6379336?ONDATE=19.08.2024 00#-6379436) of Paragraph 12, the [fifth bullet point](/docs/-6379336?ONDATE=19.08.2024 00#-6379442) of Paragraph 13, the [fourth bullet point](/docs/-6379336?ONDATE=19.08.2024 00#-6379446) of Paragraph 14, the [fifth bullet point](/docs/-6379336?ONDATE=19.08.2024 00#-6379452) of Paragraph 16, and the words “document (biometric passport or identification ID card or new sample driver's license)” in the [fourth bullet point](/docs/-6379336?ONDATE=19.08.2024 00#-6379480) of Paragraph 26 shall be replaced with the words “original of the document (biometric passport or identification ID card or new sample driver's license) or electronic form provided through the Unified Interactive State Services Portal of the Republic of Uzbekistan and/or the 'Social Card' mobile application.”.

8. [Paragraph 17](/docs/-6379336?ONDATE=19.08.2024 00#-6379458) be stated in the following wording:

“17. Resident individuals submit an application to the bank for opening deposit, metal accounts in national and foreign currencies, as well as the original of the document confirming identity (biometric passport or identification ID card or new sample driver's license) or the electronic form provided through the Unified Interactive State Services Portal of the Republic of Uzbekistan and/or the 'Social Card' mobile application, except for cases of digital identification of customers.

Individuals registering as self-employed persons submit, in addition to the documents specified in the first bullet point of this paragraph, the original of the information certificate regarding registration as a self-employed person or the electronic form provided through the Unified Interactive State Services Portal of the Republic of Uzbekistan and/or the 'Social Card' mobile application.

Non-resident individuals submit an application to the bank for opening deposit accounts in national and foreign currencies, the original or electronic form of the document confirming the identity of the non-resident individual (biometric passport or identification ID card or new sample driver's license), and the document confirming the non-resident individual's presence (residence) in the Republic of Uzbekistan, except for cases where IT-park residents who are foreign specialists have obtained a personal identification number (JSHSHIR) of the individual through diplomatic missions (consular institutions) of the Republic of Uzbekabad abroad, or where there is an opportunity for remote opening of bank accounts through digital identification (Face-ID) or relying on the bank's 'Know Your Customer' (KYC, e-KYC and/or video-KYC) and 'Anti-Money Laundering and Combating the Financing of Terrorism' (AML/CFT) systems with which the bank has established representation relations.

Banks may request documents confirming the non-resident individual's registration for a fixed period (not less than three months) and activity in the Republic of Uzbekistan (information certificate regarding permanent or temporary registration in the Republic of Uzbekistan, documents confirming employment or study, and sources of income).

Foreign specialists who are IT-park residents and have obtained a personal identification number (JSHSHIR) of the individual through diplomatic missions (consular institutions) of the Republic of Uzbekistan abroad may open bank accounts remotely.

If a non-resident individual has previously opened a bank account in the respective bank, they may open other bank accounts remotely in that bank.

Non-resident individuals who have obtained a special tax regime additionally submit a decision on providing a special tax regime to the bank for opening an account.

Deposit accounts for resident and non-resident individuals are opened based on JSHSHIR.”.

9. Be supplemented with paragraphs 171 — 173 of the following content:

10. For opening deposit, metal accounts in national and foreign currencies in the name of a minor under fourteen years of age, one parent or their substitute (legal representative) submits an application to the bank for opening a bank account, the original of the document confirming the identity of the minor (birth certificate) or the electronic form provided through the Unified Interactive State Services Portal of the Republic of Uzbekistan and/or the 'Social Card' mobile application, as well as the original of the document confirming the identity of one parent or their substitute (legal representative) (biometric passport or identification ID card or new sample driver's license) or the electronic form provided through the Unified Interactive State Services Portal of the Republic of Uzbekistan and/or the 'Social Card' mobile application.

In cases where the document confirming identity does not indicate the personal identification number (JSHSHIR) of the minor, information about the personal identification number of the individual is also provided.

172. Minors aged fourteen to eighteen years may independently open the accounts specified in paragraph 171 of this Instruction. In such cases, these individuals personally submit an application to the bank for opening a bank account and the original of the document confirming their identity (birth certificate, biometric passport, identification ID card, or new sample driver's license) or the electronic form provided through the Unified Interactive State Services Portal of the Republic of Uzbekistan and/or the 'Social Card' mobile application, except for cases of digital identification of customers.

The bank account contract for minors must specify that the bank is obligated to notify one parent or their substitute (legal representative) regarding suspicious operations related to their minor children.

173. Deposit accounts may be opened in the name of the interested child for the accumulation of pensions, allowances, alimony, and other payments payable to orphans or children deprived of parental care raised in orphanages, children's homes, 'Muruvvat' children's boarding houses, branches of the 'SOS — Uzbekistan Children's Villages' association, small-sized children's homes, foster families, and other fully state-supported institutions or other organizations, based on the appeal of the 'Inson' Social Services Center.

For children placed in 'Muruvvat' children's boarding houses who are not orphans or deprived of parental care, pensions, allowances, and alimony payable to them may be opened in deposit accounts in the name of the interested child, based on the appeal of one parent or their substitute (legal representative). The use of funds accumulated in the account is specified in the contract for opening this account.”.

10. [Paragraph 29](/docs/-6379336?ONDATE=19.08.2024 00#-6379489) be stated in the following wording:

“29. When opening bank accounts remotely for legal entities whose founders are residents of the Republic of Uzbekistan, individual entrepreneurs, and IT-Park residents whose founder is a non-resident, banks may identify resident individuals through digital identification based on the specimen signature sheet.”.

11. The [second bullet point](/docs/-6379336?ONDATE=19.08.2024 00#-6379524) of Paragraph 46 be stated in the following wording:

“After the remaining funds of the customer, freed from all submitted requirements, are transferred to another account based on the order of the customer (terminator), the bank account is closed.”.

(National Database of Legal Information, November 12, 2025, No. 10/25/3420-2/1039)