Ulaanbaatar
UN Security Council Sanctions lists available through FRC website
PoliticsUlaanbaatar /MONTSAME/ The Financial Regulatory Commission of Mongolia has put on its official website a link to the Consolidated Sanctions List, which includes all individuals and entities subject to sanctions measures imposed by the UN Security Council. Member States are obliged to inform the list and implement the measures specific to each listed name as specified on websites of the related sanctions committee of the Security Council.
Interested bodies can visit “Fighting against money laundering and terrorism’ section of www.frc.mn website to get the list. The commission also warns commercial banks, non-banking financial institutions, insurers, professional institutions, who participate in stock markets, insurance and investment actions, to inform suspicious transactions within 24 hours to the Financial Information Unit of the Bank of Mongolia.
