The Law Enforcement Academy of the Republic of Uzbekistan is consistently carrying out systematic work aimed at developing a compliance culture in the banking system and the widespread introduction of modern approaches in the field of countering the legalization of criminal proceeds and the financing of terrorism. Another such event was organized for employees of the bank's compliance departments in cooperation with the private joint-stock commercial banks "Anor Bank" and "Universal Bank."
Within the framework of the training seminar, participants were provided with systematic knowledge on the norms of national legislation in the field of combating the legalization of criminal proceeds and the financing of terrorism, international FATF standards, the prevention of conflicts of interest in the banking system, the assessment of risks in financial operations, sanctions restrictions and criteria for identifying suspicious transactions.
Special attention was paid to the issues of early detection of risks and shortcomings in banking practice, mechanisms for their elimination, as well as improvement of the internal control system.
The educational process is not limited to theoretical knowledge; it is organized based on real cases regarding the implementation of international standards into national practice, the strengthening of a risk-based approach, and the proper study of clients.
The seminar 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.
At the end of the event, participants improved their practical skills in preventing conflicts of interest, assessing risks, analyzing suspicious transactions, effectively organizing the internal control system, and strengthening the culture of compliance.
It was noted that the interaction between state bodies, scientific and educational institutions, and the financial sector will serve to further strengthen efforts aimed at ensuring the rule of law, transparency, and financial security in the banking system.