Uzbekistan’s Central Bank has imposed fines on eight banks for failing to comply with financial monitoring regulations and requirements related to the protection of clients’ rights.
A further seven banks and 13 payment institutions were issued official warnings and sanctions for various breaches of national financial legislation.
According to the regulator, the Banking Supervision Committee reviewed 43 cases in September, taking corresponding decisions. Of these, 28 were linked to registration and licensing matters, including amendments to the charters of credit institutions, the registration of new microfinance companies, and the accreditation of auditors.
The remaining 15 cases focused on the financial stability of banks and microfinance organisations, adherence to Central Bank standards, inspection results, and measures aimed at combating money laundering and the financing of terrorism.
