Justice Ministry introduces stricter controls on digital money transfers, making sender details mandatory

The Ministry of Justice has approved changes to internal control regulations aimed at combating the legalization of income derived from criminal activities.

According to the new provisions, payment service providers must implement customer verification measures when citizens register new accounts in mobile applications.

Merchants and service providers will also be subject to verification when issued electronic payment terminals (E-POS).

Furthermore, for electronic money transfers equal to or exceeding 30 BCU (11.25 million UZS), the payment system must include the account or transaction number, along with recipient details such as name and account number or transaction identifier.

The sender’s information must also be included as follows:

— For individuals: full name, passport or ID card series and number, date and place of birth;
— For legal entities: company name and taxpayer identification number (TIN).

If the bank is able to obtain full sender details from other sources, the payment service may instead provide the individual's personal identification number (PINFL) along with the account number or transaction ID.

For transfers below the 30 BCU threshold, it is sufficient to provide only the names of the sender and the recipient.