Follow-up report to Mongolia's assessment of anti-money laundering and counter-terrorist financing measures

Publication details

Language

English

Country

Topic

Since its 2017 Mutual Evaluation and ensuing 2019 Follow-Up Report, Mongolia has made significant progress towards overcoming deficiencies on technical compliance under R14, R.28 and R.35.

Recommendation 14 is re-rated from Partially Compliant to Compliant
Recommendation 28 is re-rated from Partially Compliant to Largely Compliant
Recommendation 35 is re-rated from Partially Compliant to Largely Compliant

On Recommendation15, which was amended after the MER and FUR were adopted, Mongolia does not meet the updated FATF standards on VA and VASPshas been re-rated from Largely Compliant to Partially Compliant.

Mongolia remains in enhanced follow-up and will continue to report back to APG on progress to strengthen its implementation of AML/CFT measures.

APG 3rd Follow-Up Report-Mongolia 2020

Filename: APG-3rd-Follow-Up Report-Mongolia-2020.pdf
Size: 348 KB
Format: application/pdf

Download

Earlier reports

4 Oct 2019

Follow-up report to Mongolia's assessment of anti-money laundering and counter-terrorist financing measures This follow-up report analyses the progress of Mongolia in addressing the technical compliance deficiencies identified in its MER.
20 Sep 2017

Mongolia's measures to combat money laundering and terrorist financing This report provides a summary of the AML/CFT measures in place in Mongolia as at the date of the on-site visit 4 November 2016.

Related materials

APG

The FATF Recommendations

The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.

Mutual Evaluations

The FATF conducts peer reviews of each member on an ongoing basis to assess levels of implementation of the FATF Recommendations, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system

Read more Consolidated assessment ratings

The 2022 and 2013 Methodologies for Assessing Technical Compliance with the FATF Recommendations and the Effectiveness of AML/CFT/CPF Systems

These documents are guides intended for use by assessors who are tasked with conducting a mutual evaluation. They provide a structured framework of analysis that ensures a level of consistency and high quality of the mutual evaluation reports produced. Latest update: August 2024