Uzbekistan Takes Key Steps to Boost Compliance with Financial Action Task Force (FATF) Standards

Tashkent, 3 June 2022

The Organization for Security and Co-operation in Europe (OSCE) Project Co-ordinator in Uzbekistan (PCUz), in partnership with the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) and the Uzbek Prosecutor General’s Office, convened an international scientific-practical conference aimed at strengthening national Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) systems.

Conference Objectives

• To discuss key issues related to the implementation of FATF international standards
• To develop international co-operation and enhance the role of law enforcement and supervisory authorities in combating money laundering and terrorism financing
• To foster effective interaction and cooperation at the regional level, as well as integrate EAG member states into the international system for combating the legalization of criminal proceeds and the financing of terrorism

High-Level Gathering

The conference brought together experts from 16 countries and 15 international organizations. Participants discussed key issues related to the implementation of FATF international standards, development of international co-operation, and enhancement of the role of law enforcement and supervisory authorities in combating money laundering and terrorism financing.

Pre-Conference Meetings

Before the conference, meetings of working groups and the 36th Plenary Meeting of the EAG took place. The plenary meeting featured representatives from EAG member states, the FATF Secretariat, as well as observer states and organizations.

OSCE Project Co-ordinator’s Support

The OSCE Project Co-ordinator in Uzbekistan has been actively supporting the enhancement of the country’s AML/CFT legislation in line with FATF recommendations for over a decade. This effort has contributed significantly to Uzbekistan’s removal from the FATF blacklist and improvement of its overall FATF regime.

Conclusion

Uzbekistan continues to take key steps to boost compliance with FATF standards, demonstrating its commitment to combating money laundering and terrorism financing.