Placing gambling revenue in a bank account or with an electronic money institution (EMI) differs from ordinary corporate income in one decisive respect: the question of where the money comes from is asked before anything else is discussed. This page is a practical orientation for a Georgian organiser: we explain what the bank sees before opening the account and after it, which Georgian norms create that picture, and where the law leaves the answer to each institution's own policy. No universal fee or timeline is offered here, because none exists: acceptance policy, cost and timing are matters for the institution and are to be confirmed directly with the bank or EMI in every case.
What the Bank Sees: the KYC/AML Frame Before the Account
The Georgian AML law turns the bank and the EMI into obliged entities: article 3 defines the circle of obliged persons, article 11 the rules for customer identification and verification, and article 12 the flow of data in the unified state framework. For gambling revenue this means the bank asks — at onboarding and afterwards — not only who you are but where the money originates, and gambling income is treated as an elevated-risk profile in principle. Customer identification is only the first ring: the next rings concern the structure of the income, the geography of payments and the dynamics of transactions — and it is precisely in those rings that the questions arise which must be answered before they are asked.
The Statutory Layer: the Permit, Winnings Registration and the Tax Character of the Money
Three Georgian norms build the frame the bank actually checks. First, the permit: under article 5, part 1 of the Law of Georgia on gambling, organising and supplying into Georgia requires a permit, and under article 11, part 2 the permit goes only to a registered entrepreneur — revenue arriving from an unpermitted structure is a risk signal in itself. Second, winnings registration: article 29(b) requires registration of winnings together with reporting to the Financial Monitoring Service — the topic a bank will inevitably raise with a gambling-profile client. Third, the tax character: article 80, part 7 of the Tax Code defines the income-tax object of an individual organiser as the margin — stakes received minus winnings paid — and article 81 sets the rates; so the tax logic of the amount you bring to the bank is read from that margin, not from gross turnover. Holding all three rings properly is the minimum that keeps an account stable.