MONGOLIA: AML/CFT EVALUATION FOLLOW-UP REPORT

On 2 August, FATF-style regional body APG published the 5th follow-up report on Mongolia, following the 2017 mutual evaluation report.  It analyses the progress of Mongolia in addressing the technical compliance requirements of the recommendations being re-rated, with technical compliance re-ratings given where sufficient progress has been demonstrated.  Effectiveness ratings are not addressed.  Mongolia was in the enhanced follow-up process.  Following the review, Mongolia has 39 FATF Recommendations rated Compliant/Less Compliant, and it will remain in enhanced follow-up.  The next progress report is due 1 February.

http://www.apgml.org/news/details.aspx?pcPage=1&n=3187

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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