MONGOLIA: AML/CFT ASSESSMENT FOLLOW-UP REPORT

On 26 August, FATF published the 5th follow-up report.  Overall, Mongolia has made significant progress in addressing the technical compliance deficiencies identified since the amendment of FATF Recommendation 15 and its last follow-up report and only minor deficiencies remain.  Recommendation 15 has been re-rated Largely Compliant.  Mongolia has 39 FATF Recommendations rated C/LC and will remain in enhanced follow-up and will continue to report back to the FATF-style regional body, APG, on progress to strengthen its implementation of AML/CFT measures.  The next progress report is due 1 February.

https://www.fatf-gafi.org/media/fatf/documents/reports/fur/APG-Mongolia-FUR-2022.pdf

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NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

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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