TRAINING ON COMBATING MONEY LAUNDERING HELD

Ulaanbaatar, Mongolia /MONTSAME/ A one special training ran on October 9-18 here. The themed "Evaluation of risk of banks in combating the money laundering and terrorism, working out methods of monitoring based on risk" gathered officers from the Bank of Mongolia. They were given lessons by law experts from the Department of Market Stability of the International Monetary Fund (IMF), also a presentation was made on updated standards of the Financial Action Task Force on Money Laundering (FATF). The training aimed to improve the monitoring and regulation skills of banks in combating the crimes of financing money laundering and terrorism in a scope of the IMF's technical assistance. B.Khuder