For the time being stock market of the Republic of Uzbekistan as well as the corporate sector are on the stage of their formation. Though substantial legal and institutional work has been done the level of corporate governance development and stock market mechanisms doesn't allow to claim it's adequate to modern market economy
requirements and standards.Undoubtedly such situation can lead to potential threat of financial fraudulent appearance. Inadequate national
legislation, absence of transparent corporate and property regime, inefficiency of current corporate governance mechanisms, insufficient legal defense of property rights and imperfection of mechanisms of international cooperation make corporate sector of Uzbekistan vulnerable to
such negative aspects as money laundering, international financial fraudulent, tax payment evasion, etc. To elaborate mechanisms of elimination of usage of corporate schemes as a tool of money laundering and international financial fraudulent the given article is to investigate such items as perfection of national stock market legislation and corporate governance system modernization, introduction of international standards of corporate disclosure, optimization of legal basics of OTC market.
