Law of the Republic of Uzbekistan on Combating the Legalization (Laundering) of Income Obtained from Criminal Activities, Financing of Terrorism and Financing of Proliferation of Weapons of Mass Destruction

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29.11.2023 01

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[
OKON:
1.
07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.01.00.00 General Rules of the Financial System;
2.
07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.30.00.00 Combating the Legalization of Income Obtained from Criminal Activities and Financing of Terrorism / 07.30.01.00 Measures Directed at Combating the Legalization of Income Obtained from Criminal Activities and Financing of Terrorism;
3.
16.00.00.00 Security and Law Enforcement / 16.04.00.00 Public Safety / 16.04.10.00 Combating Terrorism and Religious Extremism]
[
TSZ:
1.
Finance / General Issues;
2.
Defense and National Security / Combating Terrorism and Religious Extremism]

Law of the Republic of Uzbekistan
See previous edition.

On Combating the Legalization (Laundering) of Income Obtained from Criminal Activities, Financing of Terrorism and Financing of Proliferation of Weapons of Mass Destruction (the name of the Law is in the edition of the Law of the Republic of Uzbekistan No. UZRQ-516 dated January 15, 2019 — National Database of Legislative Acts, 16.01.2019, 03/19/516/2484)

I. GENERAL PROVISIONS

Article 1. Purpose of this Law
See previous edition.

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The purpose of this Law is to regulate relations in the field of combating the legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction. (the text of Article 1 is in the edition of the Law of the Republic of Uzbekistan No. UZRQ-516 dated January 15, 2019 — National Database of Legislative Acts, 16.01.2019, 03/19/516/2484) See previous edition.

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Article. Scope of Application of this Law
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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.30.00.00 Combating the Legalization of Income Obtained from Criminal Activities and Financing of Terrorism / 07.30.01.00 Measures Directed at Combating the Legalization of Income Obtained from Criminal Activities and Financing of Terrorism]

This Law applies to citizens of the Republic of Uzbekistan, foreign citizens and stateless persons, legal entities, their branches and representative offices carrying out operations with funds or other property within the territory of the Republic of Uzbekistan and outside it in accordance with international treaties of the Republic of Uzbekistan, as well as to state bodies exercising control over the conduct of operations with funds or other property within the territory of the Republic of Uzbekistan. (Article 1 was introduced based on the Law of the Republic of Uzbekistan No. UZRQ-516 dated January 15, 2019 — National Database of Legislative Acts, 16.01.2019, 03/19/516/2484) See previous edition.

Article 2. Legislation on Combating the Legalization (Laundering) of Income Obtained from Criminal Activities, Financing of Terrorism and Financing of Proliferation of Weapons of Mass Destruction
[
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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.30.00.00 Combating the Legalization of Income Obtained from Criminal Activities and Financing of Terrorism / 07.30.01.00 Measures Directed at Combating the Legalization of Income Obtained from Criminal Activities and Financing of Terrorism]

Legislation on combating the legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction consists of this Law and other legislative acts. [ OKON:
1.
19.00.00.00 International Relations. International Law / 19.06.00.00 Law of Treaties / 19.06.03.00 Implementation and Interpretation of Treaties]

If an international treaty of the Republic of Uzbekistan establishes rules other than those provided for by the legislation of the Republic of Uzbekistan on combating the legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction, the rules of the international treaty shall apply. (Article 2 is in the edition of the Law of the Republic of Uzbekistan No. UZRQ-683 dated April 21, 2021 — , 21.04.2021, 03/21/683/0375) See previous edition.

Article 3. Basic Concepts
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The following basic concepts are used in this Law:

income obtained from criminal activities
— funds and other property obtained as a result of committing a crime, as well as any profit or benefit obtained through the use of such property, as well as funds and other property converted or changed in whole or in part or added to property obtained from legitimate sources; See previous edition.

legalization (laundering) of income obtained from criminal activities — a socially dangerous act punishable by criminal law consisting in giving a legal appearance to the origin of funds or other property found as a result of criminal activities by transferring, converting or exchanging them, as well as concealing or masking the true nature, source, location, method of disposal, transfer of such funds or other property, rights of actual ownership to such funds or other property or their ownership to whom; (the third paragraph of Article 3 is in the edition of the Law of the Republic of Uzbekistan No. UZRQ-516 dated January 15, 2019 — National Database of Legislative Acts, 16.01.2019, 03/19/516/2484)

See: Article 243 of the Criminal Code of the Republic of Uzbekistan.

freezing of funds or other property without putting them into circulation — prohibiting the transfer, conversion, disposal or transfer of funds or other property;

suspension of operations
— suspending the execution of instructions of the client regarding the transfer, conversion of funds or other property, their provision to other persons for ownership and use, as well as performing other actions of legal significance; [ SPiT:
1.
Types of Crimes / Financing of Terrorism]

financing of terrorism
— a socially dangerous act punishable by criminal law aimed at ensuring the existence, activity, financing of a terrorist organization, leaving the country or moving through the territory of the Republic of Uzbekistan to participate in terrorist activities, preparing and committing a terrorist act, providing or collecting any funds, resources to terrorist organizations or persons assisting or participating in such activities, providing other services. (Article 3 is in the edition of the Law of the Republic of Uzbekistan No. UZRQ-405 dated April 25, 2016 — UZ RZH, 2016, No. 17, Article 173)

See: Article 155
3 of the Criminal Code of the Republic of Uzbekistan.
See previous edition.

financing of proliferation of weapons of mass destruction — providing or collecting any funds, resources, providing other services for the purpose of creating, manufacturing, acquiring, assembling, storing, transferring, using nuclear, chemical, biological and other types of weapons of mass destruction, materials and equipment whose use in creating such weapons is evident. (Article 3 was supplemented with a seventh paragraph based on the Law of the Republic of Uzbekistan No. UZRQ-516 dated January 15, 2019 — National Database of Legislative Acts, 16.01.2019, 03/19/516/2484)

See previous edition.

II. ORGANIZATION OF COMBATING THE LEGALIZATION (LAUNDERING) OF INCOME OBTAINED FROM CRIMINAL ACTIVITIES, FINANCING OF TERRORISM AND FINANCING OF PROLIFERATION OF WEAPONS OF MASS DESTRUCTION
(the name of Chapter II is in the edition of the Law of the Republic of Uzbekistan No. UZRQ-516 dated January 15, 2019 — National Database of Legislative Acts, 16.01.2019, 03/19/516/2484)

See previous edition.

Article 4. Measures Directed at Combating the Legalization (Laundering) of Income Obtained from Criminal Activities, Financing of Terrorism and Financing of Proliferation of Weapons of Mass Destruction
(the name of Article 4 is in the edition of the Law of the Republic of Uzbekistan No. UZRQ-516 dated January 15, 2019 — National Database of Legislative Acts, 16.01.2019, 03/19/516/2484)

See previous edition.

Measures directed at combating the legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction include the following:
(the first paragraph of Article 4 is in the edition of the Law of the Republic of Uzbekistan No. UZRQ-516 dated January 15, 2019 — National Database of Legislative Acts, 16.01.2019, 03/19/516/2484) See previous edition.

control carried out by the special authorized state body; (the second paragraph of Article 4 is in the edition of the Law of the Republic of Uzbekistan No. UZRQ-212 dated April 22, 2009 — UZ RZH, 2009, No. 17, Article 210)

internal control;
See previous edition.

measures for adequate verification of customers; (the fourth paragraph of Article 4 is in the edition of the Law of the Republic of Uzbekistan No. UZRQ-212 dated April 22, 2009 — UZ RZH, 2009, No. 17, Article 210) See previous edition.

measures for identifying, assessing and mitigating risks.
(Article 4 was supplemented with a fifth paragraph based on the Law of the Republic of Uzbekistan No. UZRQ-516 dated January 15, 2019 — National Database of Legislative Acts, 16.01.2019, 03/19/516/2484) See previous edition.

Article 5. Control Carried Out by the Special Authorized State Body
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Control carried out by the special authorized state body is a set of measures taken by the special authorized state body for checking information submitted by organizations carrying out operations with funds or other property and exercising other powers under this Law. (Article 5 is in the edition of the Law of the Republic of Uzbekistan No. UZRQ-212 dated April 22, 2009 — UZ RZH, 2009, No. 17, Article 210)

Article 6. Internal Control
See previous edition.

Internal control is the activity of organizations carrying out operations with funds or other property aimed at identifying operations that must be reported to the special authorized state body.

When implementing internal control, the procedure for formalizing necessary information, ensuring its confidentiality, qualification requirements for training and educating personnel, as well as criteria and signs for identifying operations with funds or other property that must be reported to the special authorized state body are established.

Rules for internal control for organizations carrying out operations with funds or other property are developed and approved jointly with the special authorized state body by the respective supervisory, licensing and registration bodies; in the absence of such bodies, by the special authorized state body;

Monitoring and control over compliance with internal control rules are carried out by the bodies that approved these rules, as well as by the special authorized state body.
(the text of Article 6 is in the edition of the Law of the Republic of Uzbekistan No. UZRQ-212 dated April 22, 2009 — UZ RZH, 2009, No. 17, Article 210) See previous edition.

Article 7. Measures for Adequate Verification of Customers
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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.30.00.00 Combating the Legalization of Income Obtained from Criminal Activities and Financing of Terrorism / 07.30.02.00 Operations with Funds and Other Property and Organizations Carrying Them Out]

Organizations carrying out operations with funds or other property:

in cases specified in internal control rules when economic or civil legal relations are identified;

in cases specified in internal control rules when one-time operations with funds or other property are carried out;

when suspicious operations are carried out;

when there are doubts about the accuracy of previously obtained information about the identity of the customer, they are required to take independent measures for adequate verification of customers.

Measures for adequate verification of customers taken by organizations carrying out operations with funds or other property must include:

checking the identity of the customer and, if acting on behalf of which persons, those persons based on relevant documents;

identifying the owner or the person controlling the customer who is a legal entity by studying the property and management structure based on constituent documents;

continuous study of practical business relations and operations with funds or other property carried out by the customer to check their consistency with information about such customer and his activities.
(Article 7 is in the edition of the Law of the Republic of Uzbekistan No. UZRQ-212 dated April 22, 2009 — UZ RZH, 2009, No. 17, Article 210) See previous edition.

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Article. Measures for Identifying, Assessing and Mitigating Risks
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Organizations carrying out operations with funds or other property, as well as bodies exercising monitoring and control over compliance with internal control rules, must systematically, at least once a year, study, analyze and identify potential risks of legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction in their activities, document the results of studies, and take appropriate measures to mitigate identified risks.

Measures applied to prevent or reduce the number of cases of legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction should allow making decisions on applying extended or simplified supervision measures and efficient allocation of resources in accordance with identified risks.

Results of risk assessment must be communicated to all bodies participating in combating the legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction, as well as to organizations carrying out operations with funds or other property.

Coordination of measures for assessing risks related to legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction is carried out by the special authorized state body. (Article 7 1 was introduced based on the Law of the Republic of Uzbekistan No. UZRQ-516 dated January 15, 2019 — National Database of Legislative Acts, 16.01.2019, 03/19/516/2484)

Article 8. Special Authorized State Body
See previous edition.

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The special authorized state body determined by legislation for the purpose of combating the legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction exercises control over the conduct of operations with funds or other property in the manner established by this Law.

The special authorized state body is impartial and independent in making decisions within its competence, except for cases provided for by legislation.
(the text of Article 8 is in the edition of the Law of the Republic of Uzbekistan No. UZRQ-683 dated April 21, 2021 — , 21.04.2021, 03/21/683/0375)

For additional information, see: Decree of the President of the Republic of Uzbekistan No. PF-99 dated July 8, 2024 "On Additional Measures for Effective Organization of Activities to Combat the Shadow Economy".

Article 9. Powers of the Special Authorized State Body
See previous edition.

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The special authorized state body:

coordinates the work of organizations carrying out operations with funds or other property, as well as bodies participating in combating the legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction; See previous edition.

ensures control over the fulfillment by legal and physical persons of the requirements of legislation on combating the legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction; (the third paragraph of Article 9 is in the edition of the Law of the Republic of Uzbekistan No. UZRQ-683 dated April 21, 2021 — , 21.04.2021, 03/21/683/0375)

requests and receives free of charge information necessary for implementing measures on combating the legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction, including information from automated information, reference systems and databases;

carries out analysis of information received in accordance with this Law on operations with funds or other property for the purpose of identifying signs of legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction;

receives reports on suspicious operations coming from organizations carrying out operations with funds or other property, forms and processes databases;

establishes cooperation procedures for exchanging and transmitting information and data related to the legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction together with law enforcement agencies and other state bodies;

transmits materials on operations with funds or other property related to the legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction to the relevant bodies participating in combating the legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction, where there are sufficient grounds or upon request;

forms and maintains a list of persons involved or suspected of involvement in terrorist activities or proliferation of weapons of mass destruction based on information provided by state bodies and other competent bodies of the Republic of Uzbekistan carrying out counter-terrorism and counter-proliferation activities, as well as information obtained through official channels from competent bodies of foreign states and international organizations; See previous edition.

takes measures jointly with ministries and departments involved in organizing risk assessment related to the legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction; (the tenth paragraph of Article 9 is in the edition of the Law of the Republic of Uzbekistan No. UZRQ-880 dated November 28, 2023 — , 29.11.2023, 03/23/880/0905)

sends instructions on suspending operations with funds or other property for combating the legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction for a period not exceeding thirty working days, where there are sufficient grounds; See previous edition.

analyzes and generalizes the practice of application of legislation on combating the legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction based on information obtained from state bodies and other organizations, and also develops and submits proposals for improving legislation and law enforcement practice; (the twelfth paragraph of Article 9 is in the edition of the Law of the Republic of Uzbekistan No. UZRQ-683 dated April 21, 2021 — , 21.04.2021, 03/21/683/0375)

participates in developing draft normative legal acts and international treaties of the Republic of Uzbekistan on combating the legalization (laundering) of income obtained from criminal activities, financing of terrorism and financing of proliferation of weapons of mass destruction;

Carries out cooperation with competent authorities of foreign states, international specialized organizations, and other organizations in the field of combating the legalization of income obtained from criminal activity, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction; See previous edition.

Concludes agreements with international and regional organizations and competent authorities of foreign states in the manner established by legislation; (Pursuant to the amendment of the fifteenth paragraph of Article 9 of the Law of the Republic of Uzbekistan No. URQ-683 dated April 21, 2021 — , 21.04.2021, No. 03/21/683/0375)

Cooperates and exchanges information on the principle of mutual interest with competent authorities of foreign states and international organizations in the field of combating the legalization of income obtained from criminal activity, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction, in accordance with international treaties of the Republic of Uzbekistan; See previous edition.

Carries out other powers established by legislation.
(Pursuant to the amendment of the seventeenth paragraph of Article 9 of the Law of the Republic of Uzbekistan No. URQ-683 dated April 21, 2021 — , 21.04.2021, No. 03/21/683/0375)

Article 10. Binding nature of decisions of the special authorized state body
See previous edition.

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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.30.00.00 Combating the Legalization of Income Obtained from Criminal Activity and the Financing of Terrorism / 07.30.02.00 Operations with Funds and Other Property and Organizations Carrying Them Out]

Decisions of the special authorized state body on issues related to combating the legalization of income obtained from criminal activity, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction are mandatory for execution by ministries, agencies, local state authority bodies, enterprises, institutions, and organizations, officials, and citizens. (Pursuant to the text of Article 10 of the Law of the Republic of Uzbekistan No. URQ-880 dated November 28, 2023 — , 29.11.2023, No. 03/23/880/0905)

III. OPERATIONS WITH FUNDS OR OTHER PROPERTY AND ORGANIZATIONS CARRYING THEM OUT

Article 11. Operations with funds or other property
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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.30.00.00 Combating the Legalization of Income Obtained from Criminal Activity and the Financing of Terrorism / 07.30.02.00 Operations with Funds and Other Property and Organizations Carrying Them Out]

Actions aimed at establishing, changing, or terminating property rights and obligations of legal and physical persons regarding funds or other property are operations with funds or other property.
See previous edition.

Article 12. Organizations carrying out operations with funds or other property
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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.30.00.00 Combating the Legalization of Income Obtained from Criminal Activity and the Financing of Terrorism / 07.30.02.00 Operations with Funds and Other Property and Organizations Carrying Them Out]

Organizations carrying out operations with funds or other property are:
See previous edition.

banks and other credit institutions, the "National Clearing Center" Joint Stock Company; (Pursuant to the amendment of the second paragraph of Article 12 of the Law of the Republic of Uzbekistan No. URQ-1057 dated April 17, 2025 — , 17.04.2025, No. 03/25/1057/0351) See previous edition.

professional participants of the securities market and the "Central Depository of Securities" Joint Stock Company; (Pursuant to the amendment of the third paragraph of Article 12 of the Law of the Republic of Uzbekistan No. URQ-1057 dated April 17, 2025 — , 17.04.2025, No. 03/25/1057/0351)

exchange members;
See previous edition.

insurers (reinsurers) and insurance intermediaries; (Pursuant to the amendment of the fifth paragraph of Article 12 of the Law of the Republic of Uzbekistan No. URQ-1057 dated April 17, 2025 — , 17.04.2025, No. 03/25/1057/0351)

leasing service providers;

organizations carrying out money transfers, payments, and settlements;

pawnshops;

organizations conducting lotteries and other games of chance;

persons carrying out operations with precious metals and precious stones;

persons providing services and participating in operations related to the sale and purchase of real estate;

notary offices (notaries), legal structures (lawyers), and audit organizations in preparing and executing transactions on behalf of clients; See previous edition.

service providers in the field of crypto-asset circulation.
(Pursuant to the amendment of the thirteenth paragraph of Article 12 of the Law of the Republic of Uzbekistan No. URQ-1057 dated April 17, 2025 — , 17.04.2025, No. 03/25/1057/0351)

Article 13. Operations with funds or other property that must be reported to the special authorized state body
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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.30.00.00 Combating the Legalization of Income Obtained from Criminal Activity and the Financing of Terrorism / 07.30.03.00 Information Related to Combating the Legalization of Income Obtained from Criminal Activity and the Financing of Terrorism]

Operations with funds or other property that are found to be suspicious during the implementation of internal control by organizations carrying out operations with funds or other property must be reported to the special authorized state body. See previous edition.

An operation with funds or other property that is being prepared, carried out, or has been carried out, and where suspicion arises that it was carried out for the purpose of legalizing income obtained from criminal activity, financing terrorism, or financing the proliferation of weapons of mass destruction, in accordance with the criteria and signs established in internal control rules, is considered a suspicious operation. (Pursuant to the second part of Article 13 of the Law of the Republic of Uzbekistan No. URQ-516 dated January 15, 2019 — National Database of Legislation Documents, 16.01.2019, No. 03/19/516/2484) See previous edition.

If one of the parties to an operation with funds or other property is a person permanently residing, staying, or registered in a state that is not participating in international cooperation in the field of combating the legalization of income obtained from criminal activity, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction, such operations must also be reported to the special authorized state body. (Pursuant to the third part of Article 13 of the Law of the Republic of Uzbekistan No. URQ-516 dated January 15, 2019 — National Database of Legislation Documents, 16.01.2019, No. 03/19/516/2484)

Article 14. Operations with funds or other property that must be reported to the special authorized state body in specific cases
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Operations with funds or other property, if one of the parties to such operations:
See previous edition.

is a legal or physical person participating or suspected of participating in terrorist activities or the proliferation of weapons of mass destruction;

is a legal or physical person who is the direct or indirect owner of or controls the organization carrying out or suspected of carrying out terrorist activities or the proliferation of weapons of mass destruction;

has information obtained in the established manner that it is a legal entity owned or controlled by a physical person or organization carrying out or suspected of carrying out terrorist activities or the proliferation of weapons of mass destruction, must be reported to the special authorized state body and suspended in accordance with this Law. (Pursuant to the second, third, and fourth paragraphs of Article 14 of the Law of the Republic of Uzbekistan No. URQ-516 dated January 15, 2019 — National Database of Legislation Documents, 16.01.2019, No. 03/19/516/2484)

Article 15. Obligations of organizations carrying out operations with funds or other property
See previous edition.

Organizations carrying out operations with funds or other property:

must organize and implement internal control systems;

must carry out identification procedures and take measures to verify customers to the required extent, including verifying and regularly updating information about customers and their beneficial owners;

must identify persons controlling beneficial owners and customers and take all possible measures to verify their identity; See previous edition.

take measures to identify and assess their risks related to the legalization of income obtained from criminal activity, financing of terrorism, and financing of the proliferation of weapons of mass destruction, document these risks, and take measures to mitigate them; (Pursuant to the fifth paragraph of the first part of Article 15 of the Law of the Republic of Uzbekistan No. URQ-516 dated January 15, 2019 — National Database of Legislation Documents, 16.01.2019, No. 03/19/516/2484)

refuse to open an account, carry out an operation, or enter into practical relations if there is no opportunity to take measures to verify the customer to the required extent, terminate existing practical relations, and also send a report about the suspicious operation to the special authorized state body;

send reports about suspicious operations, including reports about attempts to carry them out, to the special authorized state body in the established manner without delay, no later than one working day after they are identified;

compare participants of operations with the list of persons participating or suspected of participating in terrorist activities or the proliferation of weapons of mass destruction;

immediately suspend without prior notice the operations of persons included in the list of persons participating or suspected of participating in terrorist activities or the proliferation of weapons of mass destruction, and (or) freeze funds or other property without using them, and also send a report about the suspicious operation to the special authorized state body, except for operations related to crediting funds to the account of a legal or physical person.

The procedure for suspending operations of persons included in the list of persons participating or suspected of participating in terrorist activities or the proliferation of weapons of mass destruction, freezing funds or other property without using them, granting permission to use frozen property, and restoring operations is established by the special authorized state body in agreement with interested ministries and agencies. (Pursuant to the text of Article 15 of the Law of the Republic of Uzbekistan No. URQ-405 dated April 25, 2016 — UR QHT, 2016, No. 17, Article 173)

Article 16. Refusal to execute operations with funds or other property
[
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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.30.00.00 Combating the Legalization of Income Obtained from Criminal Activity and the Financing of Terrorism / 07.30.02.00 Operations with Funds and Other Property and Organizations Carrying Them Out]

Organizations carrying out operations with funds or other property refuse to execute such operations for legal or physical persons who fail to submit documents necessary for identification, except for operations related to crediting funds to the account of a legal or physical person.

Article 17. Operations with funds or other property in foreign currency
See previous edition.

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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.30.00.00 Combating the Legalization of Income Obtained from Criminal Activity and the Financing of Terrorism / 07.30.01.00 Measures Directed at Combating the Legalization of Income Obtained from Criminal Activity and the Financing of Terrorism]

If an operation with funds or other property is carried out in foreign currency, its amount in national currency is determined in the manner established by legislation.
(Pursuant to the text of Article 17 of the Law of the Republic of Uzbekistan No. URQ-683 dated April 21, 2021 — , 21.04.2021, No. 03/21/683/0375)

See: Law of the Republic of Uzbekistan "On Regulation of Currency," Chapter 2 of the Rules for Maintaining an Open Currency Position approved by Resolution No. 8/1 of the Board of the Central Bank of the Republic of Uzbekistan dated April 30, 2021 (registry number 3301, 07.05.2021). [ OKOZ:
1.
12.00.00.00 Information and Informatization / 12.03.00.00 Information Resources. Use of Information Resources / 12.03.05.00 Restricted Information / 12.03.05.05 Other Restricted Information]

See previous edition.

IV. INFORMATION RELATED TO COMBATING THE LEGALIZATION OF INCOME OBTAINED FROM CRIMINAL ACTIVITY, THE FINANCING OF TERRORISM, AND THE FINANCING OF THE PROLIFERATION OF WEAPONS OF MASS DESTRUCTION
(Name of Chapter IV amended pursuant to the Law of the Republic of Uzbekistan No. URQ-516 dated January 15, 2019 — National Database of Legislation Documents, 16.01.2019, No. 03/19/516/2484)

See previous edition.

Article 18. Submission of information related to combating the legalization of income obtained from criminal activity, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction
(Name of Article 18 amended pursuant to the Law of the Republic of Uzbekistan No. URQ-516 dated January 15, 2019 — National Database of Legislation Documents, 16.01.2019, No. 03/19/516/2484)

See: Regulation on the Procedure for Submitting Information Related to Combating the Legalization of Income Obtained from Criminal Activity, the Financing of Terrorism, and the Financing of the Proliferation of Weapons of Mass Destruction, approved by Resolution No. 402 of the Cabinet of Ministers dated June 29, 2021. See previous edition.

[
OKOZ:
1.
07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.30.00.00 Combating the Legalization of Income Obtained from Criminal Activity and the Financing of Terrorism / 07.30.03.00 Information Related to Combating the Legalization of Income Obtained from Criminal Activity and the Financing of Terrorism]

The procedure for submitting information related to combating the legalization of income obtained from criminal activity, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction to the special authorized state body, as well as the procedure for notifying organizations carrying out operations with funds or other property about legal or physical persons participating in terrorist activities or other criminal activities or suspected of participating in such activities, is established by legislation. (Pursuant to the first part of Article 18 of the Law of the Republic of Uzbekistan No. URQ-683 dated April 21, 2021 — , 21.04.2021, No. 03/21/683/0375) See previous edition. [ OKOZ:
1.
12.00.00.00 Information and Informatization / 12.03.00.00 Information Resources. Use of Information Resources / 12.03.05.00 Restricted Information / 12.03.05.01 State Secret;
2.
12.00.00.00 Information and Informatization / 12.03.00.00 Information Resources. Use of Information Resources / 12.03.05.00 Restricted Information / 12.03.05.02 Official and Commercial Secret;
3.
12.00.00.00 Information and Informatization / 12.03.00.00 Information Resources. Use of Information Resources / 12.03.05.00 Restricted Information / 12.03.05.03 Bank Secret (also see 07.21.16.00)]

Submitting information about operations with funds or other property of legal and physical persons or other data to the special authorized state body in the established manner does not constitute a violation of commercial, bank, or other secrets protected by law. (Article 18 was supplemented with a second part pursuant to the Law of the Republic of Uzbekistan No. URQ-212 dated April 22, 2009 — UR QHT, 2009, No. 17, Article 210)

Article 19. Ensuring the confidentiality and storage of information
[
OKOZ:
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12.00.00.00 Information and Informatization / 12.03.00.00 Information Resources. Use of Information Resources / 12.03.05.00 Restricted Information / 12.03.05.01 State Secret;
2.
12.00.00.00 Information and Informatization / 12.03.00.00 Information Resources. Use of Information Resources / 12.03.05.00 Restricted Information / 12.03.05.02 Official and Commercial Secret;
3.
12.00.00.00 Information and Informatization / 12.03.00.00 Information Resources. Use of Information Resources / 12.03.05.00 Restricted Information / 12.03.05.03 Bank Secret (also see 07.21.16.00)]

The special authorized state body and its employees must ensure the confidentiality and storage of information constituting commercial, bank, or other secrets that have become known to them.
See previous edition.

Employees of organizations carrying out operations with funds or other property, the special authorized state body, and other bodies participating in combating the legalization of income obtained from criminal activity, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction are not entitled to notify legal and physical persons about the control measures being taken against them. (Pursuant to the second part of Article 19 of the Law of the Republic of Uzbekistan No. URQ-516 dated January 15, 2019 — National Database of Legislation Documents, 16.01.2019, No. 03/19/516/2484) See previous edition.

Article 20. Restriction of free use of information related to combating the legalization of income obtained from criminal activity, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction, and non-disclosure of such information
See previous edition.

[
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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.30.00.00 Combating the Legalization of Income Obtained from Criminal Activity and the Financing of Terrorism / 07.30.03.00 Information Related to Combating the Legalization of Income Obtained from Criminal Activity and the Financing of Terrorism]

Organizations carrying out operations with funds or other property, the special authorized state body, and other bodies participating in combating the legalization of income obtained from criminal activity, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction restrict the free use of information related to combating the legalization of income obtained from criminal activity, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction in the manner established by legislation and ensure that such information is not disseminated. (Pursuant to the text of Article 20 of the Law of the Republic of Uzbekistan No. URQ-683 dated April 21, 2021 — , 21.04.2021, No. 03/21/683/0375)

See: Law of the Republic of Uzbekistan "On State Secrets," "On Principles and Guarantees of Freedom of Information," and "On Informatization."
See previous edition.

Article 21. Storage of information about operations with funds or other property, as well as identification data and materials on customer verification to the required extent
See previous edition.

Organizations carrying out operations with funds or other property must store information about operations with funds or other property, as well as identification data and materials on customer verification to the required extent, for the periods established by legislation, but for at least five years after such operations are carried out or practical relations with customers are terminated. (Pursuant to the text of Article 21 of the Law of the Republic of Uzbekistan No. URQ-683 dated April 21, 2021 — , 21.04.2021, No. 03/21/683/0375)

For additional information, see: Articles 23 and 24 of the Law of the Republic of Uzbekistan No. URQ-252 "On Archival Affairs" dated June 15, 2010.

V. FINAL PROVISIONS
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19.00.00.00 International Relations. International Law / 19.11.00.00 International Cooperation Against Crime and Terrorism / 19.11.03.00 Other Issues of International Criminal Justice]

See previous edition.

Article 22. International cooperation in the field of combating the legalization of income obtained from criminal activity, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction
(Name of Article 22 amended pursuant to the Law of the Republic of Uzbekistan No. URQ-516 dated January 15, 2019 — National Database of Legislation Documents, 16.01.2019, No. 03/19/516/2484) See previous edition.

[
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19.00.00.00 International Relations. International Law / 19.06.00.00 International Treaty Law / 19.06.03.00 Application and Interpretation of Compliance with Treaties]

International cooperation in the field of combating the legalization of income obtained from criminal activity, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction is carried out in accordance with the legislation and international treaties of the Republic of Uzbekistan. (Pursuant to the first part of Article 22 of the Law of the Republic of Uzbekistan No. URQ-683 dated April 21, 2021 — , 21.04.2021, No. 03/21/683/0375)

For additional information, see the United Nations Convention against Transnational Organized Crime and the International Convention for the Suppression of the Financing of Terrorism.
See previous edition.

The authorized state body has the right to send requests to competent authorities of foreign states for the submission of necessary information and to respond to requests from competent authorities of foreign states.
(Paragraph 2 added by Part Two of Law No. URQ-212 of the Republic of Uzbekistan dated April 22, 2009 — UR QH, 2009, No. 17, Article 210)

Article 23. Settlement of Disputes
See previous edition.

[OKOZ:
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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.30.00.00 Combating the Legalization of Income Obtained from Criminal Activities and the Financing of Terrorism / 07.30.01.00 Measures Aimed at Combating the Legalization of Income Obtained from Criminal Activities and the Financing of Terrorism]

Disputes in the field of combating the legalization of income obtained from criminal activities, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction are resolved in the manner established by legislation. (Text of Article 23 in the edition of Law No. URQ-683 of the Republic of Uzbekistan dated April 21, 2021 — , 21.04.2021, No. 03/21/683/0375)

See: Law of the Republic of Uzbekistan "On Combating the Legalization of Income Obtained from Criminal Activities, the Financing of Terrorism and the Financing of the Proliferation of Weapons of Mass Destruction" and Resolution No. 1 of the Plenum of the Supreme Court of the Republic of Uzbekistan dated February 11, 2011 "On Some Issues of Judicial Practice in Cases Concerning the Legalization of Income Obtained from Criminal Activities". See previous edition.

Article 24. Liability for Violation of Legislation on Combating the Legalization of Income Obtained from Criminal Activities, the Financing of Terrorism and the Financing of the Proliferation of Weapons of Mass Destruction
[
OKOZ:
1.
16.00.00.00 Security and Law Enforcement / 16.11.00.00 Criminal Legislation / 16.11.02.00 Crime and Criminal Liability]

Persons found guilty of violating the legislation on combating the legalization of income obtained from criminal activities, the financing of terrorism, and the financing of the proliferation of weapons of mass destruction are held liable in the prescribed manner. (Article 24 in the edition of Law No. URQ-683 of the Republic of Uzbekistan dated April 21, 2021 — , 21.04.2021, No. 03/21/683/0375)

See: Article 1793 of the Code of Administrative Liability of the Republic of Uzbekistan, Article 243 of the Criminal Code.

President of the Republic of Uzbekistan I. KARIMOV

Tashkent,

August 26, 2004,
No. 660-II
(Collection of Legislation of the Republic of Uzbekistan, 2004, No. 43, Article 451; 2007, No. 17-18, Article 172; 2009, No. 17, Article 210; 2013, No. 1, Article 1; 2016, No. 17, Article 173; National Database of Legislative Information, 16.01.2019, No. 03/19/516/2484; 05.10.2020, No. 03/20/640/1348; , 21.04.2021, No. 03/21/683/0375; 29.11.2023, No. 03/23/880/0905; 17.04.2025, No. 03/25/1057/0351)

Law of the Republic of Uzbekistan on Combating the Legalization (Laundering) of Income Obtained from Criminal Activities, Financing of Terrorism and Financing of Proliferation of Weapons of Mass Destruction

Lineage: In force