Banking and insuranceEconomical

Account opening in banks was absent


“Today’s decision of the Supreme Council for Combating Money Laundering made it practically possible for banks to open absentee accounts,” Mustafa Qamarova wrote in a Twitter message.

The central bank seeks to create easy, cheap banking services to the people by implementing a financial inclusion plan; From opening an account and validation to receiving bank documents and electronic signatures.

Also, the Minister of Economy announced that from today, banks and credit institutions will be allowed to perform all their basic services online and there will be no need for customers.

He added: “In this way, basic banking services, the most widely used of which is account opening, will be possible without the need for customers to be present in the bank.” These services are facilitated in a variety of ways, including biometric recognition, digital signatures, and the like.

According to Khandouzi, based on the information received by the Ministry of Economy, the future, mission and national banks have provided this possibility so far.

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