CURRENT CHALLENGES IN ANTI-MONEY LAUNDERING, COUNTERING THE FINANCING OF TERRORISM AND COUNTERING THE FINANCING OF PROLIFERATION, AND THEIR IMPACT ON FURTHER SUSTAINABLE AND INCLUSIVE DEVELOPMENT OF THE ECONOMY OF UZBEKISTAN
Vol. 25 No. 2 (2024), Finance and taxes
Vol. 25 No. 2 (2024)

CURRENT CHALLENGES IN ANTI-MONEY LAUNDERING, COUNTERING THE FINANCING OF TERRORISM AND COUNTERING THE FINANCING OF PROLIFERATION, AND THEIR IMPACT ON FURTHER SUSTAINABLE AND INCLUSIVE DEVELOPMENT OF THE ECONOMY OF UZBEKISTAN

Finance and taxes
Published 2024-04-30
  • Azizjon Khatamov
  • Alisher Suyunov
Azizjon Khatamov
Alisher Suyunov
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Keywords

Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT),
FATF
effectiveness of AML/CFT system
FATF public statements
FATF Global Network
financial monitoring
digital finance

How to Cite

Khatamov, A., & Suyunov, A. (2024). CURRENT CHALLENGES IN ANTI-MONEY LAUNDERING, COUNTERING THE FINANCING OF TERRORISM AND COUNTERING THE FINANCING OF PROLIFERATION, AND THEIR IMPACT ON FURTHER SUSTAINABLE AND INCLUSIVE DEVELOPMENT OF THE ECONOMY OF UZBEKISTAN. Economics and Education, 25(2), 198–205. Retrieved from https://cedr.tsue.uz/index.php/journal/article/view/1512
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Abstract

This study presents 2 possible scenarios for accelerating achievement of Uzbekistan - 2030 strategy from the perspective of current challenges in Anti-Money Laundering, Countering the Financing of Terrorism and Countering Proliferation Financing (AML/CFT/CPF), with due focus on current disruptions in correspondent banking network. The study also addresses such topics as FATF membership as an illustrative pattern, as well as such concepts as ‘crowdfunding’, ‘virtual assets’, ‘bookmaking companies’ as an emerging threat to global financial stability

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References

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Nadim Kyriakos-Saad, Manuel Vasquez, Chady El Khoury and Arz El Murr, IMF, 2016: Islamic Finance and Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT).

OECD, “Domestic Revenue Mobilization in Fragile States, 2014

Colleen Graffy, “US Tax Law Has Unintended Global Consequences”, GIS, 2015

FATF publication: Crowdfunding for terrorist financing, October 31, 2023. Available from: https://fatf-gafi.org/en/publications/Methodsandtrends/crowdfunding-for-terrorism-financing.html

Andreas Adriano: "When Money Can No Longer Travel", IMF. 2017. Available from: https://www.imf.org/external/pubs/ft/fandd/2017/06/adriano1.htm

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Available from: https://www.imf.org/external/pubs/ft/fandd/2017/12/lund.htm

Official website of the EAG. About EAG (eurasiangroup.org)

Official website of FATF. https://www.fatf-gafi.org

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