Financial Regulatory Commission organizes training for its local representativesEconomy
Ulaanbaatar /MONTSAME/. The Financial Regulatory Commission (FRC) conducted online training for its local representatives, on 19 May 2021. During the training, directors of related departments of the FRC provided information on:
- current conditions of the financial market,
- impacts of the COVID-19 pandemic, and activities being implemented by the FRC, including, capital, insurance, non-bank financial markets, anti-money laundering, combatting the financing of terrorism, cryptocurrency, real estate brokers, and dealers in precious metals and stones.
In addition, the FRC presented its new organizational structure, described activities carried out in 2020, and presented its latest annual report to local representatives of the FRC. The local representatives emphasized the need for further cooperation and policy coherence between the FRC and the local governments and training.
FRC’s representatives from 21 provinces attended the training, and their powers are exercised by heads (and registration specialists) of the Finance and Treasury Departments of the provinces and the districts of Ulaanbaatar.