All news on the topic: Sarvar Fayziev

Media reports have detailed an investigation into alleged illicit financial operations involving a network of companies, including Octobank (formerly Ravnaq), Capital Bank, the Humo payment system, the Uzcard processing center, the Uznex exchange, and others.

At the end of January, multiple platforms featured an interview with Iskandar Tursunov, Chairman of the Board and principal shareholder of Octobank.

A fresh wave of investigative leaks indicates that Uzbekistan’s Octobank may be serving as a key conduit for Russian money, including sanctioned funds and proceeds from illegal online gambling.

Recent investigative leaks indicate that Uzbekistan’s Octobank could be functioning as a key conduit for transferring Russian money, including sanctioned assets and proceeds from illicit online gambling.

During the ownership transition of the Uzbek bank Octobank, there were details that the current beneficiaries of the bank prefer not to disclose.

A new investigation reveals that Uzbekistan’s Octobank — formally owned by a little-known figure but effectively controlled by President Shavkat Mirziyoyev’s powerful family — has become a key hub for laundering Russian money through casinos, payment systems, and crypto exchanges.

Octobank is an Uzbek bank which name has recently surfaced in a number of scandals related to the withdrawal of Russian capital from sanctions.

Although the owner of the Uzbek Octobank is formally listed as the bank’s chairman of the board, Iskandar Tursunov, who owns 99.16% of the shares, in fact, the beneficiaries of Octobank are the family of the country’s current president, Shavkat Mirziyoyev.