uz1 Uzbekistan

New Documents

The Federal Department of Foreign Affairs announced that Switzerland and Uzbekistan signed an agreement concerning the restitution of criminal assets that were confiscated during proceedings in connection with Gulnara Karimova.

The Eurasian Group on Combating Money Laundering published a mutual evaluation report on Uzbekistan’s anti-money laundering and counterterrorist financing regime, highlighting significant efforts by authorities in the country to assess risks and develop measures to mitigate them.

Enforcement Actions

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Important Facts

  • The U.S. Department of State labels Uzbekistan as a major money laundering jurisdiction. Due to pervasive corruption, well-connected individuals can establish private banks and thus launder illicit proceeds, circumventing official regulations. Narcotics and other smuggled goods enter Uzbekistan mainly through the borders of Afghanistan and Tajikistan, likely with the complicity of corrupt officials. Corruption, narcotics trafficking and smuggling generate the majority of illicit proceeds. Local and regional drug trafficking and other organized criminal organizations control narcotics markets and proceeds from other criminal activities. Given Uzbekistan’s predominantly cash economy and significant migrant flows, associated money transfer systems, including the introduction of cryptocurrencies, remain major money laundering risks. Legal entities are not criminally liable for money laundering in Uzbekistan. However, Uzbekistan has a comprehensive know your customer (KYC) and suspicious transaction reporting framework, including, for legal persons.  KYC rules cover insurance companies, insurance brokers, securities market players, stock exchange members, financial leasing companies and postal service operators. In 2018, Uzbekistan’s president transformed the financial intelligence unit into the PGO Department on Economic Crimes with a broader mandate, including corruption and money laundering crimes.
Source: 2019 International Narcotics Control Strategy Report (INCSR)  


FATF i | 2013 Methodology

Technical Effectiveness
Compliant : 8 High : 0
Largely Compliant : 23 Substantial : 6
Partially Compliant : 9 Moderate : 5
Non-Compliant : 0 Low : 0


Rank : 43/141
Score : 5.71/10


Rank : 153/180
Score : 25/100

Tax Justice Network i

Rank : N/A
Score : N/A