Manual on reporting suspicious transactions published

2021-06-17 11:12:38

Ulaanbaatar /MONTSAME/. Manual on Reporting Suspicious Transactions for financial and non-financial professional service providers and intermediaries was published by the Financial Regulatory Commission (FRC). The contents of the manual include the following:

  • General concept of anti-money laundering and combatting the financing of terrorism;
  • How to identify and detect suspicious transactions and their characteristics;
  • Records of customers’ documents; and
  • Organization, frequency and scope of internal training.

The FRC and the Financial Information Unit have conducted online training involving 359 entities; from among those responsible for reporting. During the training, the manual was introduced to participant. 

Source: Financial Regulatory Commission