Ulaanbaatar
MoU Signed with the Financial Services Authority of Kazakhstan
Economy
Ulaanbaatar, September 5, 2025 /MONTSAME/. Chairman of the State Great Khural of Mongolia Amarbayasgalan Dashzegve and accompanying parliamentary delegation are paying an official visit to the Republic of Kazakhstan from September 4 to 7, 2025.
Within the framework of the visit, which aims to maintain the frequency of high-level exchanges, strengthen mutual trust, enrich the legal foundation of relations, and deepen cooperation at the national and regional levels, Chairman of the Financial Regulatory Commission (FRC) of Mongolia Jambaajamts Tundev and Chairwoman of the Astana Financial Services Authority (AFSA) of the Republic of Kazakhstan Evgeniya Bogdanova signed a Memorandum of Understanding.
The MoU provides for the exchange of information on cross-border financial activities and technical cooperation targeting companies offering fintech-based virtual asset services. The two sides will also collaborate in supporting safe and reliable operations of capital market, insurance, and fintech institutions, extending mutual assistance in financial supervision, and strengthening institutional capacity.
The Memorandum signed between the Financial Regulatory Commission of Mongolia and the Astana International Financial Centre marks a major step toward intensifying bilateral trade and economic cooperation, expanding business sector linkages, and consolidating ties.
The Astana Financial Services Authority is a member of the International Organization of Securities Commissions (IOSCO) and has established bilateral memorandums of cooperation with more than 40 financial regulatory bodies worldwide, working together in the field of financial supervision.
