IMPLEMENTATION OF PROSECUTORIAL MEASURES TO ENSURE THE RULE OF LAW IN THE CREDIT SECTOR OF UZBEKISTAN’S ECONOMY: AN ANALYSIS OF CHALLENGES
Abstract
This article provides a comprehensive analysis of the legal and organizational-practical challenges associated with implementing prosecutorial measures to ensure the rule of law within the credit sector of Uzbekistan’s economy. The credit sector is examined as a key element of financial stability, investment activity, entrepreneurial initiative, and the protection of citizens' property interests. The article argues that legislative violations in credit relations cannot be viewed merely as private-law disputes between a bank and a borrower; rather, they impact financial discipline, public trust in the banking system, the security of state lending, anti-corruption policy, and efforts to combat economic crime. Particular attention is paid to prosecutorial measures regarding consumer lending, the identification and resolution of non-performing loans, and the prevention of the misappropriation of credit funds, illegal restructuring, the concealment of distressed debt, breaches of banking secrecy, and corruption risks. The article explores the interplay between prosecutorial oversight, interagency coordination, banking supervision, and risk-based digital monitoring. Proposals are formulated regarding the development of a specialized methodology for prosecutorial inspections, the implementation of a 60-day early warning indicator, the creation of a unified digital data-sharing platform, the clarification of banking secrecy regulations, and the establishment of a corps of specialized prosecutors focused on financial and banking offenses.