A meeting was held with the Executive Secretary of the Eurasian Group on Combating Money Laundering and Terrorist Financing
Tashkent, Uzbekistan (UzDaily.com) -- On 14 June 2021, the Ministry of Finance held a meeting with the Executive Secretary of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) Sergey Teterukov. The meeting was attended by representatives of the Department for Combating Economic Crimes under the Prosecutor General’s Office of the Republic of Uzbekistan.
The main procedures for passing the assessment of the national system for combating money laundering, the financing of terrorism and the financing of the proliferation of weapons of mass destruction, as part of the second round of mutual assessments of the EAG member States, which began on December 6, 2019 were discussed during the meeting, the Ministry of Finance said in a statement.
During the meeting, the parties discussed the measures implemented by the Ministry of Finance together with the Department for Combating Economic Crimes under the Prosecutor General’s Office of the Republic of Uzbekistan. Dilshod Sultanov also separately noted that in order to raise awareness of the private sector, a special information block on countering the legalization of criminal proceeds has been posted on the official website of the Ministry of Finance.
In addition, to enhance interaction with the private sector, regular thematic meetings are held to raise awareness about the threats, vulnerabilities and consequences of money laundering.
The Ministry is responsible for the risk assessment in the activities of insurance, audit and leasing organizations, people engaged in operations with precious metals and stones, and since May 1 this year – also professional participants in the securities market and lottery organizers.
For each sector, in accordance with the Law "On Countering the Legalization of Proceeds from Criminal Activities, the Financing of Terrorism and the financing of the proliferation of Weapons of Mass Destruction", Internal Control Rules have been approved, which are mandatory for all organizations that carry out operations with money or other property.
Following the meeting, the parties expressed their gratitude for the cooperation and ensuring effective cooperation of the EAG member states in carrying out joint activities aimed at combating money laundering and the financing of terrorism.