Regulatory Alerts2021-06-09 | 3309-сонAdded
Approval of Internal Control Rules for Persons Engaged in Crypto-Asset Transactions Regarding Anti-Money Laundering, Counter-Terrorist Financing, and Counter-Proliferation Financing
The National Agency for Project Management under the President of Uzbekistan and the Department for Combating Economic Crimes under the Prosecutor General's Office approved internal control rules for licensed crypto-asset service providers. These rules mandate the establishment of internal control systems to identify and prevent money laundering, terrorist financing, and proliferation financing. Providers are required to implement customer due diligence, identify beneficial owners, monitor high-risk transactions, and report suspicious activities to the competent state authority.