The Law Enforcement Academy of the Republic of Uzbekistan, together with the private joint-stock commercial bank "Orient Finance," organized a training seminar for employees of the bank's compliance department dedicated to countering the legalization of criminal proceeds and the financing of terrorism.
Within the framework of the seminar, participants were provided with systematic knowledge on the norms of national legislation, the requirements of international FATF standards, risks in financial transactions, sanctions restrictions, and criteria for identifying suspicious transactions. Special attention was paid to the shortcomings encountered in banking practice and the mechanisms for their elimination.
The educational process is not limited to theory; issues regarding the implementation of international standards into national practice, the strengthening of a risk-based approach, and the proper study of clients were analyzed based on real cases. The discussions were organized in an open dialogue and Q&A format.
The seminar was attended by specialists from the Central Bank, the Department for Combating Economic Crimes under the General Prosecutor's Office, the National Agency for Perspective Projects, and Uzumbank JSC, who shared best practices and practical approaches in this field.
As a result, participants gained specific practical skills in effectively organizing the internal control system, assessing risks, analyzing suspicious transactions, and strengthening a compliance culture.
As noted at the conclusion of the event, this cooperation will serve to further strengthen systemic efforts aimed at ensuring the rule of law, transparency, and security in the financial sector.