Central bank and Financial regulatory commission blamed for fail in duties
Ulaanbaatar /MONTSAME/. Last week, Financial Action Task Force (FATF), intergovernmental organization on combating money laundering and tourist financing worldwide, identified Mongolia as a jurisdiction with Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) deficiencies for which they have developed an action plan with the FATF, or included Mongolia in so-called ‘Grey List’.
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