Regulatory Alerts2020-08-29 | 18/5Added · Updated
Rules for Carrying Out Currency Operations in the Republic of Uzbekistan
The Central Bank of Uzbekistan approves the Rules for Carrying Out Currency Operations, which define the procedures for residents and non-residents to conduct currency transactions within the country. The document establishes that internal currency operations are conducted without restrictions, mandates the deposit of incoming foreign currency into bank accounts unless otherwise specified by law, and sets reporting requirements for resident legal entities holding accounts abroad. It also outlines specific provisions for non-resident accounts, including those of diplomatic missions, permanent establishments, and crypto-exchange participants, while ensuring compliance with anti-money laundering and counter-terrorist financing legislation.
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