“KDB Bank Uzbekistan” JSC informs about the implementation of changes in the practice of crediting the amounts of incoming funds!
“KDB Bank Uzbekistan” JSC hereby informs about the implementation of changes in the practice of crediting the amounts of incoming funds to bank accounts of clients-individuals transferred by individuals-clients of other banks.
In case the amount of incoming transfer exceeds USD 1,000 or equivalent amount in other foreign currencies, the following minimum information about the sender is required from an individual (ordering customer):
the sender’s 1) name;2) account number; 3) address or date and place of birth;4) passport number or registration number.
Please be informed that the incoming transfer will not be credited to the account of the client until the missing (above listed) information is provided to the Bank. If the required information is not provided to the Bank within 10 days from the date of receipt of incoming funds, the Bank may return the funds back.
These changes were adopted by the Bank in accordance with the requirements of the Rules of Internal Controls on Combating Money Laundering, Financing of Terrorism and Financing of Proliferation of Weapons of Mass Destruction in Commercial Banks (reg. by the Ministry of Justice of the Republic of Uzbekistan no.2886 dated 23 May 2017 with further amendments to the Rules) and internal compliance rules of the Bank.
The above-mentioned practice will be implemented after 10 days from the date of this announcement.