The Law Enforcement Academy of the Republic of Uzbekistan organized a special training seminar for employees of compliance units of the banking system, dedicated to modern mechanisms for combating the legalization of criminal proceeds and the financing of terrorism, the implementation of international standards, and increasing the effectiveness of internal control.
The event was held in cooperation with the Academy and Trustbank, where topical aspects of compliance with legislative requirements in the banking sector, ensuring financial security, and increasing the effectiveness of compliance control were discussed.
During the seminar, participants were provided with systematic knowledge on national legislative norms in this area, international FATF standards, identification and assessment of risks in financial transactions, compliance with sanctions restrictions, and criteria for detecting suspicious transactions.
During the practical sessions, issues of preventing conflicts of interest in the banking system, improving internal control mechanisms, properly studying clients, and strengthening a risk-based approach were analyzed based on real cases. The classes were organized in the form of an open dialogue and a question-and-answer session.
The event was attended by specialists from the Central Bank of the Republic of Uzbekistan and the Department for Combating Economic Crimes under the General Prosecutor's Office, who shared best practices and practical approaches in this field.
The training sessions served to further expand the participants' professional competencies in the field of compliance risk management, financial monitoring, and ensuring the compliance of banking activities with the requirements of national legislation and international standards.
As noted, this cooperation will serve to further strengthen systemic efforts aimed at ensuring the rule of law, transparency, and financial security in the banking sector.