Regulatory Alerts2022-09-19
Instruction No. 211 on the Procedure for Carrying Out Foreign Currency Exchange Operations
The National Bank of Tajikistan issued Instruction No. 211 to establish standardized procedures, documentation, and reporting requirements for foreign currency exchange operations conducted by authorized credit financial organizations. The regulation mandates real-time electronic tracking, mandatory cashier qualification and equipment standards, strict identity verification thresholds based on transaction amounts, and centralized oversight to prevent money laundering and terrorism financing. It further defines clear liability measures, including corrective actions and license revocation for non-compliance, while specifying authenticity criteria for foreign banknotes and standardized registration journals.
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