Financial Crime World

Preventing Financial Crime in Uzbekistan: Credit Unions Take Steps Forward

Combating Economic Crimes in Uzbekistan’s Credit Union Sector

The Department for Combating Economic Crimes under the General Prosecutor’s Office of the Republic of Uzbekistan has been at the forefront of efforts to prevent financial crime in the country, particularly in the credit union sector. Led by Head Dilshod Rakhimov, the department is responsible for investigating economic and corruption-related offenses, including money laundering and terrorist financing.

Key Sectors Under Scrutiny

In recent years, the department has been focused on combating economic crime in key sectors such as:

  • Fuel and energy
  • Banking and finance
  • Transportation
  • Construction
  • Social services

These efforts have resulted in the detection of numerous instances of embezzlement and misappropriation of state budget funds, as well as illegal activities involving:

  • Price manipulation
  • Counterfeit goods
  • Poor quality medical supplies

AML/CFT Activities

The department’s Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) activities are aimed at preventing transactions that contradict state interests, identifying schemes and channels of illegal financial activity, and combating the development of a shadow economy.

International Cooperation

To achieve its objectives, the department cooperates with foreign authorities and international organizations, exchanging information and best practices to stay ahead of evolving threats. It also works closely with credit unions and other financial institutions to ensure compliance with anti-money laundering legislation and prevent financial crime.

How to Report Suspicious Transactions

For more information on the department’s activities and how to report suspicious transactions, contact them at:

By working together with credit unions and other financial institutions, the Department for Combating Economic Crimes is committed to ensuring that Uzbekistan’s financial system remains secure and transparent.