Uzbekistan, Indonesia to cooperate in financial intelligence

Tashkent, Uzbekistan (UzDaily.com) -- On 30 January, 2019 during the Egmont Group meetings held in Jakarta (Indonesia), the Department for Combating Economic Crimes at the General Prosecutor’s Office of the Republic of Uzbekistan and the Indonesian Center for Information on Financial Operations and analysis signed a Memorandum of Understanding.

According to this document, the cooperation is aimed at combating the laundering of criminal proceeds and the financing of terrorism by exchanging information about suspicious financial transactions and the persons carrying them out.

The signing of a memorandum of cooperation was carried out in accordance with the requirements of the generally accepted principles of the Egmont Group and the FATF Recommendations in the field of combating money laundering and the financing of terrorism.

To date, the Department for Combating Economic Crimes at the General Prosecutor’s Office of the Republic of Uzbekistan has signed 21 similar documents with the competent authorities of foreign countries (USA, RF, PRC, Japan, Korea, Israel, Poland, Turkey, etc.).

Following the signing of the Memorandum, the parties expressed readiness to further develop and deepen bilateral cooperation as a continuation of intergovernmental agreements.

The conclusion of the Memorandum expands the legal base of information exchange in the core area, and also contributes to the intensification of bilateral cooperation.