Additional measures against legalization of illegal proceeds approved

The Cabinet of Ministers of Uzbekistan approved additional measures for the implementation of the Law “On countering the legalization of criminal proceeds, the financing of terrorism and the financing of the proliferation of weapons of mass destruction.”

The document approved the regulation on reporting cases of the legalization of criminal proceeds, the financing of terrorism and the financing of the proliferation of weapons of mass destruction; regulation on the procedure for international cooperation in combating the legalization of crime proceeds, the financing of terrorism and the financing the proliferation of weapons of mass destruction.

It is determined that reports of organizations about suspicious transactions are submitted to the Department for Combating Economic Crimes under the Prosecutor General’s Office through automated software, except for information constituting state secrets. The report sent by the organizations to the specially authorized state body should have substantiating information and documents.

Monitoring of compliance with the requirements of legislation in combating the legalization of proceeds from criminal activities, the financing of terrorism and the financing of the proliferation of weapons of mass destruction is conducted without interference in the financial and economic activities of organizations.

Monitoring is carried out by the competent authorities by analyzing and studying the reporting, statistical and other information provided by the organizations. During monitoring, it is forbidden to visit organizations, as well as to request information not related to the subject of verification.