Ulaanbaatar
Manual on reporting suspicious transactions published
Economy
Ulaanbaatar /MONTSAME/. Manual on Reporting Suspicious Transactions for financial and non-financial professional service providers and intermediaries was published by the Financial Regulatory Commission (FRC). The contents of the manual include the following:
- General concept of anti-money laundering and combatting the financing of terrorism;
- How to identify and detect suspicious transactions and their characteristics;
- Records of customers’ documents; and
- Organization, frequency and scope of internal training.
The FRC and the Financial Information Unit have conducted online training involving 359 entities; from among those responsible for reporting. During the training, the manual was introduced to participant.
Source: Financial Regulatory Commission
