JSC Aloqabank is increasing the scale and the quality of currency transactions in order to support business entities in terms of export of goods and services as well as foreign currency transactions. At present the following foreign currency operations are carried out by the bank:
Currently, monitoring of foreign trade contracts is carried out in accordance with the requirements set forth in the Resolution of the Cabinet of Ministers dated May 14, 2020 No. 283 «On measures to improve the monitoring of foreign trade operations in the Republic of Uzbekistan». Along with monitoring of foreign trade contracts, in order to protect the interests of business entities in the territory of the Republic of Uzbekistan, the bank provides advice on the feasibility of concluding contracts, compliance with current legislation and other important aspects.
ON MEASURES TO FURTHER IMPROVE THE MONITORING OF FOREIGN TRADE OPERATIONS IN THE REPUBLIC OF UZBEKISTAN
JSC "Aloqabank" holds correspondent accounts in Uzbek and foreign first class banks for the ease of bank transfers of clients. The following banks are the main partners for bank transfers:
Foreign banks:
Execution of applications of business entities in the domestic foreign exchange market for the purchase and sale of foreign currency is carried out without restrictions based on the decree of the management of the Central Bank of the Republic of Uzbekistan, registered with the Ministry of Justice under the number 3281.
ON THE APPROVAL OF THE RULES FOR THE IMPLEMENTATION OF FOREIGN EXCHANGE OPERATIONS IN THE REPUBLIC OF UZBEKISTAN
JSC «Aloqabank» provides services to its clients on the types of documentary transactions found in international practice: letter of credit, guarantee and collection payment. During the acceptance and execution of these documentary operations, our bank complies with the International Chamber of Commerce's «Generalized Rules and Practices for Documentary Letters of Credit» edited by the International Chamber of Commerce No. 600 of 2007, and the «Unified Rules for Guarantee» edited by the International Chamber of Commerce No. 758 of 2010 and shall be carried out in accordance with the "Unified Rules for Debt Collection» URC 522 from 1995.
At present, JSC «Aloqabank» provides services to residents and non-residents of all types (listed below) related to capital movement operations:
- Implementation of investment activities, including replenishment of foreign branches by residents with working capital
- Obtaining and issuing loans, carrying out leasing operations
- Buying and selling real estate
- Attracting funds from foreign countries to accounts and deposits and placing funds in accounts and deposits in foreign countries
Transactions related to capital movements are carried out on the basis of the Regulation of the Cabinet of Ministers dated 17.12.2013 No. 2536 "On the procedure for carrying out certain currency transactions related to capital movements". In addition to providing services and accounting for transactions related to capital movements, the Bank, in the interests of clients, provides them with the necessary understanding of the appropriate structure of contracts related to capital movements, compliance with existing legislation and other important aspects.
A list of official websites and their links to identify individuals included in the SDN list of prohibited individuals by OFAC.
1) Official website of the Office of Foreign Assets Control (OFAC) of the US Treasury Department:
а) https://sanctionssearch.ofac.treas.gov
б) https://www.treasury.gov/ofac/downloads/sdn.xml
2) official EU website:
3) to determine the sanctions imposed by the UK, you can check through the website:
