Uzbekistan's progress in strengthening measures to tackle money laundering and terrorist financing

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Uzbekistan

The Republic of Uzbekistan has demonstrated considerable progress in addressing the TC deficiencies identified in the MER.

Considering the progress of the Republic of Uzbekistan in improving the national AML/CFT system after the approval of the MER, the TC ratings under the FATF Recommendations have been upgraded as follows:

  • Recommendation 6 was upgraded from Partially Compliant to Largely Compliant
  • Recommendation 7 was upgraded from Partially Compliant to Largely Compliant
  • Rommendation 22 was upgraded from Partially Compliant to Largely Compliant

Therefore, the Republic of Uzbekistan is transferred from enhanced to regular follow-up and will report on further progress on improvement of the national AML/CFT/PF system at the 44th EAG Plenary.

EAG Follow-Up Report Uzbekistan 2023

Filename
Uzbekistan-Follow-Up-Report.pdf
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9 MB
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application/pdf
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Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

Uzbekistan Follow-Up Report 2023

missOrigin

R.1 - Assessing risk & applying risk-based approach
LC
R.2 - National cooperation and coordination
C
R.3 - Money laundering offence
LC
R.4 - Confiscation and provisional measures
LC
R.5 - Terrorist financing offence
LC
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
LC
R.7 - Targeted financial sanctions related to proliferation
LC
R.8 - Non-profit organisations
PC
R.9 - Financial institution secrecy laws
LC
R.10 - Customer due diligence
LC
R.11 - Record keeping
LC
R.12 - Politically exposed persons
PC
R.13 - Correspondent banking
LC
R.14 - Money or value transfer services
LC
R.15 - New technologies
LC
R.16 - Wire transfers
LC
R.17 - Reliance on third parties
LC
R.18 - Internal controls and foreign branches and subsidiaries
PC
R.19 - Higher-risk countries
LC
R.20 - Reporting of suspicious transactions
C
R.21 - Tipping-off and confidentiality
LC
R.22 - DNFBPs: Customer due diligence
LC
R.23 - DNFBPs: Other measures
LC
R.24 - Transparency and beneficial ownership of legal persons
LC
R.25 - Transparency and beneficial ownership of legal arrangements
PC
R.26 - Regulation and supervision of financial institutions
PC
R.27 - Powers of supervisors
LC
R.28 - Regulation and supervision of DNFBPs
LC
R.29 - Financial intelligence units
C
R.30 - Responsibilities of law enforcement and investigative authorities
C
R.31 - Powers of law enforcement and investigative authorities
C
R.32 - Cash couriers
C
R.33 - Statistics
LC
R.34 - Guidance and feedback
LC
R.35- Sanctions
PC
R.36 - International instruments
LC
R.37 - Mutual legal assistance
C
R.38 - Mutual legal assistance: freezing and confiscation
LC
R.39 - Extradition
C
R.40 - Other forms of international cooperation
LC

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

Related materials

  • 1 Aug 2022

    The Republic of Uzbekistan's measures to combat money laundering and terrorist financing This report summarises the AML/CFT measures in place in the Republic of Uzbekistan as at the date of the on-site visit (14 June to 2 July, 2021). It analyses the country’s level of compliance with the FATF 40 Recommendations and the level of effectiveness of the AML/CFT system, and recommends how the system could be strengthened.
  • 15 Jun 2010

    Mutual Evaluation of Uzbekistan Uzbekistan is a member of EAG, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT measures in Uzbekistan was conducted by EAG.

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