A governmental decree prohibits financial institutions, law enforcement, and other supervisory bodies from enquiring into the source of funds with cash deposits in any amount, upon pain of civil and even criminal penalties. Another recent decree suspends customer identification/due diligence requirements for financial institutions. This is not a law school exam, but the latest FinCEN Advisory on Uzbekistan. If your bank receives any inbound wire transfers from this nation, you are advised to inform your staff to bring them all to you for review. The URL of the very important Advisory is below. Read it.

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