Politics
Uzbekistan Approves CIS Treaty on Combating Money Laundering
President Shavkat Mirziyoyev of Uzbekistan has signed a resolution approving an international treaty aimed at establishing the International Center for Assessing the Risks of Legalization (Laundering) of Proceeds from Crime and Terrorism Financing.
As per the resolution, the Department for Combating Economic Crimes will serve as the competent authority responsible for the implementation of this Agreement, according to the Ministry of Justice’s “Legal Information” Telegram channel.
The government of Uzbekistan, along with the heads of relevant ministries and departments, will oversee the enforcement of the treaty’s provisions once it takes effect.
The Agreement was initially signed in October 2023 during a meeting of the Commonwealth of Independent States’ Council of Heads of State in Bishkek.
The document will become effective 30 days after the depository receives the third notification confirming that the necessary domestic procedures have been completed by a party to the Agreement.
