Turkmenistan – CM PB

2025, Cross-border, Update

Country Manual Private Banking

Turkmenistan

out of Bank’s Country of Establishment (Def, RS, BT & RT)

Source of changesAnswers
Law / RegulationNo
New Position of the AuthoritiesNo
Evolution of Expert’s InterpretationNo

Regulatory Template, Regulatory Summary and Behaviour Template

Material changes

We have reviewed the documents following consultations with our local counsel. We can confirm that there have been no relevant regulatory changes since the last publication of this Country Manual. 

Some aspects of the foreign exchange regulation have been clarified, in particular:

Hard currency transactions exceeding the limit of USD 10’000 (this limit applies to both individuals and entities) must be registered.

The existing monthly ceiling for foreign currency transfers varies from USD 500 to USD 300 and applies only to individual residents for personal (not commercial) transfers.

Non-material changes

Some comments and content have been slightly reworded (without introducing material changes) to reflect the regulatory situation/current interpretation of the regulatory framework more accurately.

BT Short comparison

This document allows users to quickly identify the modifications made compared to the previous version of the PB Manual (BT Short Comparison). The BT Short Comparison can be found on BRP’s platform (mybrponline) in the Search tab by entering in the Document Field “CM PB BT SHORT COMP” and “TURKMENISTAN” in the Target Country Field.

The BT Short Comparison should be read as follows

The first column contains a short description of the activity in question. The second column contains the answers of the previous version of the Country Manual (online until the day of the alert). The third column contains the new answers of the most recent version of the Country Manual. Only the modified answers are displayed (in color). If the answers in the new version are unchanged compared to the previous version, they are shaded in grey.

For more information, please contact us: info@brpsa.com

Geneva, April 22nd, 2025