FRC Chairman meets WB representatives

2020-01-14 16:02:58

Ulaanbaatar /MONTSAME/ Chairman of Financial Regulatory Committee (FRC) D.Bayarsaikhan met with Ulle Lohmus, World Bank’s Strengthening Fiscal and Financial Stability project team leader and Stuart Yikona, WB Senior Financial Sector Specialist.

At the meeting, FRC officials in charge of matters concerning money laundering and terrorist financing gave information on the actions being taken by the regulatory committee to improve the anti-money laundering and counter-terrorist financing system of Mongolia. Also, the two sides exchanged views on possibilities of expanding technical cooperation to implement the recommendations of the Financial Action Task Force and get out of the organization's Watch list and agreed to partner on the actions to be taken by FRC in the short term.