In January, the Banking Supervision Committee of the Central Bank of Uzbekistan held six meetings, during which 27 issues were considered, the regulator's press service reports. The main attention was paid to registration and permitting procedures, as well as monitoring compliance by banking organizations with established requirements.
Of the 27 issues, 17 concerned changes to the charters of banks, approval of shares in authorized capital, issuance of licenses to payment organizations, and appointment of managers. The license of the IT Unisoft Group payment service was revoked at the company's request, and Baraka Biznes Hamkor and Effective Money were removed from the register of microfinance organizations.
The remaining ten issues concerned the financial condition of banks, the implementation of previously issued instructions, compliance with standards for combating money laundering and cybersecurity. Following the meetings, seven banks and one MFI were fined, and four payment services were warned about detected violations when working with bank cards.