MECHANISMS FOR INCREASING THE EFFECTIVENESS OF THE COMPLIANCE CONTROL SYSTEM TO PREVENT CORRUPTION IN COMMERCIAL BANKS
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this article explores the international experience of the complaense control system to combat corruption in commercial banks. In particular, special attention is paid to the basic approaches, methodology and regulatory requirements used in the banking and financial systems of developed countries. The article developed practical recommendations for commercial banks in our country by analyzing the role of international standards and artificial intelligence technologies in improving the efficiency of the complaence control system. These recommendations are significant in that they are aimed at ensuring the transparency of commercial banks and further improving their reputation in the international arena. The reason is that banks are an important part of the economy of each country, and its stability and efficiency are decisive for economic development and financial security. Also, allowing cases of corruption in the banking industry leads not only to the illegal consumption of financial resources, but also to a decrease in confidence in the financial system in society. Corruption reduces the transparency of banking activities, undermines the legitimacy of financial transactions, and ultimately has a negative impact on economic stability. Therefore, it is important for the sustainable development of the economy that the Prevention of corruption in the banking system is defined as an important task, effective measures are carried out in this area.
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The Law of the Republic of Uzbekistan on Combating Corruption (as amended) is a key document for studying the foundations of state policy and legislation.
https://www.transparency.org/ — Transparency International — the official website and reports of the international anti-corruption organization.
https://anticorruption.uz — the official website and analytical data of the Anti-Corruption Agency of the Republic of Uzbekistan.
https://www.worldbank.org/en/programs/anticorruption-for-development — World Bank Reports on Anti-Corruption — World Bank analyses and recommendations on combating corruption.
OECD Anti-Bribery Convention — The Convention against Bribery of the Organization for Economic Cooperation and Development.
https://www.cmi.no/publications/3134-anti-corruption-reforms-challenges. Fjeldstad, O.H. and Isaken, J. 2008. Anti-corruption Reforms: Challenges, Effects and Limits of World Bank Support. Washington DC: Independent Evaluation Group (IEG), World Bank (IEG Working Paper no. 7) 78 p.
https://knowledgehub.transparency.org/assets/uploads/helpdesk/Successful_anticorruption_ reforms.pdf. Marie Chêne, Transparency International 2015. Successful anti-corruption reforms.