On Approval of the Regulation on Measures and Sanctions Applied by the Central Bank of the Republic of Uzbekistan to Commercial Banks, Credit Unions, Microcredit Organizations and Pawnshops for Violation of Legislation on Combating the Legalization of Proceeds from Criminal Activity and Terrorism Financing

№ 1-2 (397-398) — 249 — Art. 12
DECISION
OF THE BOARD OF THE CENTRAL BANK OF THE REPUBLIC OF UZBEKISTAN

12 On Approval of the Regulation on Measures and Sanctions Applied by the Central Bank of the Republic of Uzbekistan to Commercial Banks, Credit Unions, Microcredit Organizations and Pawnshops for Violation of Legislation on Combating the Legalization of Proceeds from Criminal Activity and Terrorism Financing

Registered by the Ministry of Justice of the Republic of Uzbekistan on January 13, 2010, registration No. 2063

(Enters into force on January 23, 2010)

In accordance with the Laws of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan" (Vedomosti Oliy Majlisi of the Republic of Uzbekistan, 1995, No. 12, Art. 247), "On Banks and Banking Activity" (Vedomosti Oliy Majlisi of the Republic of Uzbekistan, 1996, No. 5-6, Art. 54), "On Combating the Legalization of Proceeds from Criminal Activity and Terrorism Financing" (Collection of Legislation of the Republic of Uzbekistan, 2004, No. 43, Art. 451), the Board of the Central Bank of the Republic of Uzbekistan decides:

1. Approve the Regulation on Measures and Sanctions Applied by the Central Bank of the Republic of Uzbekistan to Commercial Banks, Credit Unions, Microcredit Organizations and Pawnshops for Violation of Legislation on Combating the Legalization of Proceeds from Criminal Activity and Terrorism Financing according to the Appendix.

2. This Decision enters into force after the expiration of ten days from the day of its state registration in the Ministry of Justice of the Republic of Uzbekistan.

Chairman
of the Central Bank F. MULLAJANOV

Tashkent,
December 29, 2009,
No. 39/1

Collection of Legislation of the Republic of Uzbekistan, 2010

Art. 12 — 250 — No. 1-2 (397-398)
APPENDIX
to the Decision of the Board of the Central
Bank of the Republic of Uzbekistan of December 29, 2009 No. 39/1

REGULATION
on measures and sanctions applied by the Central Bank of the Republic of Uzbekistan to commercial banks, credit unions, microcredit organizations and pawnshops for violation of legislation on combating the legalization of proceeds from criminal activity and terrorism financing

This Regulation, in accordance with the Laws of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan" (Vedomosti Oliy Majlisi of the Republic of Uzbekistan, 1995, No. 12, Art. 247), "On Banks and Banking Activity" (Vedomosti Oliy Majlisi of the Republic of Uzbekistan, 1996, No. 5-6, Art. 54), "On Combating the Legalization of Proceeds from Criminal Activity and Terrorism Financing" (Vedomosti Oliy Majlisi of the Republic of Uzbekistan, 2004, No. 9, Art. 160), defines measures and sanctions applied by the Central Bank of the Republic of Uzbekistan (hereinafter referred to as the Central Bank) in case of violation by commercial banks, credit unions, microcredit organizations and pawnshops of legislation on combating the legalization of proceeds from criminal activity and terrorism financing.

I. General Provisions

1. The Central Bank applies measures and sanctions to commercial banks, credit unions, microcredit organizations and pawnshops that have violated legislation on combating the legalization of proceeds from criminal activity and terrorism financing in accordance with this Regulation.

II. Measures and Sanctions Applied to Commercial Banks for Violation of Legislation on Combating the Legalization of Proceeds from Criminal Activity and Terrorism Financing

2. In case of non-fulfillment of the requirements of legislation on combating the legalization of proceeds from criminal activity and terrorism financing, the Central Bank has the right:
   to send a corresponding directive to the commercial bank to eliminate identified deficiencies;

No. 1-2 (397-398) — 251 — Art. 12 to collect a fine in the amount of up to one percent of the minimum authorized capital of the commercial bank.

3. With respect to a commercial bank that has not fulfilled the directive of the Central Bank, grossly violated or systematically (two or more times a year) violated the requirements of legislation on combating the legalization of proceeds from criminal activity and terrorism financing, the Central Bank has the right:
   to demand the replacement of the head of this commercial bank (branch), as well as the head and responsible employees of the internal control service; to impose a ban on the bank carrying out certain operations provided for in the license for banking operations and in the license for foreign exchange operations, for a period of up to one year; to take measures up to the revocation of the license for banking operations and the license for foreign exchange operations.

III. Measures and Sanctions Applied to Credit Unions, Microcredit Organizations and Pawnshops, for Violation of Legislation on Combating the Legalization of Proceeds, from Criminal Activity and Terrorism Financing

4. In case of non-fulfillment of the requirements of legislation on combating the legalization of proceeds from criminal activity and terrorism financing, the Central Bank has the right:
   to send a corresponding directive to the credit union, microcredit organization and pawnshop to eliminate identified deficiencies; to collect a fine from the credit union and microcredit organization in the amount of up to one percent of the minimum authorized capital established for credit unions and microcredit organizations respectively; to collect a fine from the pawnshop in the amount of up to 50 times the established minimum wage.

5. With respect to a credit union, microcredit organization and pawnshop that have not fulfilled the directive of the Central Bank of the Republic of Uzbekistan, grossly violated or systematically (two or more times a year) violated the requirements of legislation on combating the legalization of proceeds from criminal activity and terrorism financing, the Central Bank has the right:
   to demand the replacement of the head of this credit union, microcredit organization and pawnshop, as well as the head and responsible employees of the internal control service; to impose a ban on the credit union, microcredit

Art. 12-13 — 252 — No. 1-2 (397-398) organization and pawnshop carrying out certain operations provided for in the license for carrying out activities, for a period of up to one year; to take measures up to the revocation of the license for carrying out activities by the credit union, microcredit organization and pawnshop.

IV. Final Provisions

6. Fines imposed on commercial banks, credit unions, microcredit organizations and pawnshops specified in this Regulation are applied on the basis of a directive of the Central Bank.

7. Suspension and revocation of licenses for operations by commercial banks, credit unions, microcredit organizations and pawnshops are carried out on the basis of a decision of the Board of the Central Bank in the manner established by legislation.

8. The amount of collected fines is credited to the "Other Non-Interest Income" account of the Central Bank.

DECISION
OF THE MINISTRY OF PUBLIC EDUCATION OF THE REPUBLIC OF UZBEKISTAN MINISTRY OF FINANCES OF THE REPUBLIC OF UZBEKISTAN MINISTRY OF CULTURE AND SPORT AFFAIRS OF THE REPUBLIC OF UZBEKISTAN UZBEK AGENCY FOR PRESS AND INFORMATION

13 On Approval of the Regulation on the Procedure for Ensuring General Education Schools with Textbooks and Educational and Methodological Materials

Registered by the Ministry of Justice of the Republic of Uzbekistan on January 14, 2010, registration No. 2064

(Enters into force on January 24, 2010)

In accordance with paragraph 7 of the Decision of the President of the Republic of Uzbekistan of May 31, 2006 No. PP-362 "On Additional Measures to Improve the System of Providing Textbooks to General Education Schools" (Collection of Legislation of the Republic of Uzbekistan, 2006, No. 22, Art. 190), the Ministries of Public Education, the Ministry of Finance,

Collection of Legislation of the Republic of Uzbekistan, 2010 ---