Article 24. Rights and Obligations of Currency Control Bodies

Currency control bodies within their powers shall be obliged to monitor currency operations which are conducted by residents and non-residents in the Republic of Uzbekistan, in terms of compliance of these operations with the legislation of the Republic of Uzbekistan.

Currency control bodies, within the limits of their powers, shall have the rights:

to carry out inspections of observance by residents and non-residents of the legislation on currency regulation;

to carry out checks of completeness and reliability of accounting and reporting on currency operations of residents and non-residents in accordance with the established procedure;

request documents and information which are connected with the currency operations;

establish the procedure for reporting on currency operations;

to adopt demand on elimination of the revealed violations and other measures which are obligatory for execution by all residents and non-residents in the Republic of Uzbekistan.

Currency control bodies may require the submission of those documents only which are directly related to the ongoing currency transaction.

In accordance with the legislation of the Republic of Uzbekistan, currency control bodies shall be obliged to preserve commercial, banking and other secrets protected by law, which they have become aware of in course of the exercise of their powers.

The Central Bank shall exercise currency control over currency operations conducted by banks of the Republic of Uzbekistan.