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Ministry of Justice

Republic of Uzbekistan

 On September 4, 2017 No. 2925

RESOLUTION OF BOARD OF CENTRAL BANK OF THE REPUBLIC OF UZBEKISTAN,
DEPARTMENT ON FIGHT AGAINST TAX, CURRENCY OFFENCES AND LEGALIZATION OF THE CRIMINAL INCOME UNDER THE PROSECUTOR GENERAL'S OFFICE OF THE REPUBLIC OF UZBEKISTAN

of August 9, 2017 No. 344-B, No. 26

About approval of Rules of internal control on counteraction of legalization of income gained from criminal activities, to financing of terrorism and financing of distribution of weapons of mass destruction in non-bank credit institutions

(as amended on 06-11-2020)

According to the laws of the Republic of Uzbekistan "About the Central bank of the Republic of Uzbekistan", "About microcredit institutions" and "About counteraction of legalization of income gained from criminal activities and to terrorism financing" the Board of the Central bank of the Republic of Uzbekistan and Department on fight against tax, currency offenses and legalization of the criminal income under the Prosecutor General's Office of the Republic of Uzbekistan decide:

1. Approve Rules of internal control on counteraction of legalization of income gained from criminal activities and financing of terrorism in non-bank credit institutions according to appendix.

2. This resolution becomes effective after three months from the date of its official publication.

Chairman of the Central bank

M. Nurmuratov

The head of the department of fight against tax, currency offenses and legalization of the criminal income under the Prosecutor General's Office

Z.Dusadov

Appendix

to the Resolution of Board of the Central bank of the Republic of Uzbekistan and Department on fight against tax, currency offenses and legalization of the criminal income under the Prosecutor General's Office of the Republic of Uzbekistan from August 9, 2017 No. 344-B, No. 26

Rules of internal control on counteraction of legalization of income gained from criminal activities, to financing of terrorism and financing of distribution of weapons of mass destruction in non-bank credit institutions

Chapter 1. General provisions

1. These rules according to the laws of the Republic of Uzbekistan "About the Central bank of the Republic of Uzbekistan", "About microcredit institutions", "About counteraction of legalization of income gained from criminal activities and to terrorism financing" determine procedure for the organization and implementation of internal control in non-bank credit institutions for the purpose of counteraction of legalization of income gained from criminal activities, to financing of terrorism and financing of distribution of weapons of mass destruction, and also suspension of transactions, freezings of money or other property, renewal of transactions and provision of access to the refrigerated property of persons included in the list of the persons participating or suspected of participation in terrorist activities or distribution of weapons of mass destruction.

2. In these rules the following basic concepts are used:

non-bank credit institution - pawnshop or the microcredit institution which is resident of the Republic of Uzbekistan and having the license for implementation of the corresponding type of activity;

internal control - activities of non-bank credit institution for proper check of clients, risk management of legalization of income gained from criminal activities, to financing of terrorism and financing of distribution of weapons of mass destruction, identification of doubtful and suspicious transactions, and also transactions which participants are the persons participating or suspected of participation in terrorist activities or distribution of weapons of mass destruction;

Service of internal control - the special division of non-bank credit institution responsible for implementation of internal control;

the responsible - person responsible for implementation of internal control;

internal control system - set of actions of the responsible or the Service of internal control and other divisions of non-bank credit institution directed to goal achievement and accomplishment of the tasks determined by these rules and internal regulations;

internal regulations - the internal document regulating procedure for the organization and implementation of internal control in non-bank credit institution and its branches;

specially authorized state body - Department on fight against economic crimes under the Prosecutor General's Office of the Republic of Uzbekistan;

the client - the physical person or legal entity which filed in non-bank credit institution petition for implementation of transaction with money or other property (further - transactions);

the beneficial owner - person who finally owns the property rights or really controls the client and for the benefit of which transaction with money or other property is made;

participants of transaction are clients, their representatives, and also the client's partners participating in transaction;

doubtful transaction - transaction concerning which the non-bank credit institution in the course of implementation of internal control had doubt about its implementation for the purpose of legalization of income gained from criminal activities, financing of terrorism and (or) financing of distribution of weapons of mass destruction before decision making about inclusion (not inclusion) it in category of suspicious transactions;

suspicious transaction - the transaction which is in process of preparation, making or already committed concerning which the non-bank credit institution in the course of implementation of internal control had suspicion about its implementation for the purpose of legalization of income gained from criminal activities, financing of terrorism and (or) financing of distribution of weapons of mass destruction;

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