The Department on Combating Economic Crimes at the General Prosecutor's Office of the Republic of Uzbekistan held a face-to-face meeting with representatives of the working group of supervisory authorities

The Department on Combating Economic Crimes at the General Prosecutor's Office of the Republic of Uzbekistan held a face-to-face meeting with representatives of the working group of supervisory authorities, including the Central Bank and the Ministry of Justice.

The purpose of the meeting was to discuss measures to prepare for the third round of mutual evaluation of the national system for anti-money laundering, combating terrorist financing and the financing of the proliferation of weapons of mass destruction (AML/CFT/CPF).

During the meeting, the main areas of work were identified:

– Implementation of the updated FATF Standards into legislation;

– Improvement of inter-agency cooperation;

– Strengthening of supervisory mechanisms for Financial Institutions and Designated non-financial Businesses and Professions;

– Preparation of materials and reports reflecting the effectiveness of the system.

Current issues of technical and practical cooperation on the development of the national AML/CFT/CFT system were also discussed.

Following the meeting, relevant decisions were taken aimed at timely and high-quality preparation for the upcoming mutual evaluation.