Strict control measures against banks in Uzbekistan

A number of measures have been taken against several financial institutions based on the results of supervision over the banking system in Uzbekistan. This was reported by Zamin.uz.

At the September meeting of the Banking Supervision Committee under the Central Bank, a total of 43 issues were considered and relevant decisions were made. Most of these decisions were related to the registration of banks, granting permission for their activities, and evaluation.

According to the inspection results, it was found that some banks and payment organizations did not fully comply with prudential requirements and legislative norms. As a result, official warnings were issued to 7 banks and 13 payment organizations, instructing them to eliminate the deficiencies within a short period.

Additionally, 8 banks were fined for violating the rules on combating money laundering and financing of terrorism. These banks also failed to comply with legal requirements in providing services to customers.

The Central Bank emphasized that these measures serve to increase transparency in the banking system and strengthen citizens' financial confidence. According to experts, these decisions will help enhance discipline in the financial market (source: centralbank.uz).