Remote bank account opening in Greece


The Executive Committee of the Bank of Greece (Greece’s Central Bank) passed in late May of this year a decision for the remote electronic verification of the identity of individuals who wish to open a Greek bank account for themselves or for the company that they represent  (Decision 172/1/29.05.2020). The  decision was promulgated on 02 June 2020 on the Government’s Gazete and is aimed at aligning the anti-money laundering rules for the reliable verification of the identity data of the banks’ customers with the new business reality of going digital.  

For more details about these reforms, you may refer to our tax alert below: