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Finance 15/04/2010 FATF hails adopted measures in Uzbekistan on combating money laundering
FATF hails adopted measures in Uzbekistan on combating money laundering
Tashkent, Uzbekistan (UzDaily.com) -- The Financial Action Task Force (FATF) held a plenary session in Abu Dhabi, the United Arab Emirates, Jahon news agency reported on 15 April.

The report said the plenary session discussed national system on combating legalization of crime income and financing terrorism in Uzbekistan.

The FATF President is Mr. Paul Vlaanderen said Uzbekistan adopted very effective measures on combating legislation of criminal income and financing terrorism. He said Uzbekistan is closely cooperating with IMF, World Bank, UNODC and Eurasian Group on fighting legislation of criminal crime and financing terrorism.

Paul Vlaanderen drew attention to that the organization highly values adopted measures of Uzbekistan on introduction of laws on improving and harmonizing legislation in combating legislation of criminal income and financing of terrorism.

The FATF said all issues, put before Uzbekistan, were abolished and the organization will not carry out control over Uzbekistan, the report concluded.

In response to mounting concern over money laundering, the Financial Action Task Force on Money Laundering (FATF) was established by the G-7 Summit that was held in Paris in 1989. Currently, 35 countries are members of the organization and 27 countries, international and regional organizations have observer status.

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