Getting Mongolia off the grey list: FATF to visit UB www.news.mn
Delegates from the Financial Action Task Force (FATF) will visit Mongolia in October for evaluating the implementation of the specific tasks given to Ulaanbaatar for getting off the Grey list. The delegates have a tight schedule which has been complicated by the coronavirus pandemic; following their visit to Mongolia, they will be involved in preparing for next month’s meeting of the FATF.
In October 2019, the FATF added Mongolia to its grey list of nations failing to combat money laundering. Mongolia has since made a high-level political commitment to work with the FATF and continues to take significant steps towards strengthening the effectiveness of its AML/CFT regime.