Mongolia has joined the Eurasia Group (EAG) at the Financial Action Task Force on Money Laundering (FATF) as an observer.

04 June

By this, Mongolia wants to strengthen the system of combating a money laundering, financing terrorism, and study the ways and means of criminals and their attitudes. A decision to give Mongolia observer status was made at the 16th EAG Plenary meeting and EAG Working Group meetings which took place on May 22-25 in Moscow, Russia.

Before becoming observer, Mongolia joined several international conventions on anti-money laundering crimes, and adopted its law on combating money laundering and terrorism financing in 2006. Currently, Mongolia is working to revise this law according to international standards.

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