On August 18, a three-day internship for employees of the supervisory authorities of the Republic of Uzbekistan, organized by the ITMCFM and dedicated to gaining practical experience in the effective implementation of a risk-based approach in AML/CFT oversight activities, was completed.
During the internship, representatives of the ITMCFM, Rosfinmonitoring and the Bank of Russia delivered presentations to the participants. The legal framework and infrastructure of internal control and supervisory activities, sources of information for conducting customer due diligence were considered, the capabilities of the Personal Account of the reporting entity and the supervisory authority, the capabilities of the remote monitoring system, models and mechanisms of a risk-based approach in the supervision of credit and non-credit financial organizations were demonstrated.
The pool of issues included in the internship program is especially relevant for the anti-money laundering system of the Republic of Uzbekistan in connection with the priority of implementing an effective mechanism for monitoring the activities of organizations engaged in transactions with monetary funds or other assets, defined by the Development Strategy of the national system of the Republic of Uzbekistan on AML/CFT/CPF, approved by Decree of the President of the Republic of Uzbekistan dated 28.06.22 No. UP-6252.
