THE RESOLUTION OF THE NATIONAL AGENCY OF PERSPECTIVE PROJECTS OF THE REPUBLIC OF UZBEKISTAN, DEPARTMENT ON FIGHT AGAINST ECONOMIC CRIMES UNDER THE PROSECUTOR GENERAL'S OFFICE OF THE REPUBLIC OF UZBEKISTAN

of May 18, 2026 No. 1, on May 14, 2026 No. 23

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 for professional participants of the security market

According to the laws of the Republic of Uzbekistan "About counteraction of legalization of the income received from criminal activities, to financing of terrorism and financing of distribution of weapons of mass destruction" "About the security market", the Presidential decree of the Republic of Uzbekistan of December 18, 2025 the National agency of perspective projects of the Republic of Uzbekistan and Department on fight against economic crimes under the Prosecutor General's Office of the Republic of Uzbekistan decide No. UP-254 "About Additional Measures for Improvement of the Investment Climate in the Capital Market":

1. Approve 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 for professional participants of the security market according to appendix No. 1.

2. Recognize invalid some departmental regulatory legal acts according to appendix No. 2.

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

Appendix №1

to the Resolution of the National agency of perspective projects of the Republic of Uzbekistan of May 18, 2026 No. 1 and Department on fight against economic crimes under the Prosecutor General's Office of the Republic of Uzbekistan of May 14, 2026 No. 23

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 for professional participants of the security market

These rules determine procedure for the organization and implementation of internal control by counteraction of legalization of income gained from criminal activities, to financing of terrorism and financing of distribution of weapons of mass destruction by professional participants of the security market.

Requirements of these rules extend to professional participants of the security market, except commercial banks and insurers.

The rules established by these rules for professional participants of the security market extend also to "Central Securities Depository" joint-stock company.

Chapter 1. General provisions

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

the beneficial owner - the physical person (persons) performing final control over the client or directly or indirectly owning its property, and also physical person for the benefit of which transaction with money or other property is performed;

internal control - activities of professional participants of the security market, on proper check of the client, risk management of legalization of income gained from criminal activities, financing of terrorism and financing of distribution of weapons of mass destruction, to identification of suspicious transactions, and also transactions which participants are the persons participating or suspected of participation in terrorist activities, financing of terrorism or financing of distribution of weapons of mass destruction;

internal regulations - the internal document regulating procedure for the organization and implementation of internal control by professional participants of the security market including their branches;

internal control system - set of actions of the controller and the professional participants directed to goal achievement and accomplishment of the tasks determined by these rules and internal documents;

the states which are not participating in international cooperation in the field of counteraction of legalization of income gained from criminal activities, to financing of terrorism and financing of distribution of weapons of mass destruction - the states and the territories determined in official declarations of Group on development of financial measures for anti-money laundering which pose threat to international financial system and which have system of counteraction of legalization of income gained from criminal activities to financing of terrorism and financing of distribution of weapons of mass destruction have strategic shortcomings;

identification of the client - establishment of data on clients on the basis of the information available provided by them documents, in addition confirmed in open sources and databases for the purpose of implementation of proper check of the client;

identification of the beneficial owner of the client - determination of the owner of the client or the legal entity controlling it by studying of structure of property and management based on the constituent documents determined by acts of the legislation (the charter and/or the foundation agreement, provision);

foreign structure without formation of legal entity - the organizational structure created according to the legislation of foreign state without formation of legal entity and having the right to perform the activities directed to commercialization (profits) for the benefit of the participants (unitholders, principals or other persons) or other beneficiaries (funds, partnership, partnerships, trusts, other forms of implementation of collective investments and (or) trust management);

the client - the depositor and (or) the physical person or legal entity using services of the professional participant of the security market;

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