The Alliance for Financial Inclusion (AFI) includes more than 100 member organizations - from 90 countries - working together to advance its mission of accelerating the adoption of proven and innovative financial inclusion policy solutions, with the ultimate aim of making financial services more accessible to the world’s unbanked people.
The 2020 meeting of the Board of the International Credit Union Regulators' Network (ICURN) opened with the participation of 200 representatives of the credit union regulators; who between them manage operations within the online environment across the world.
Money laundering and the financing of terrorism continue to be international issues. In Mongolia, money laundering can pose a danger to the financial markets; by the smuggling, storing and transferring of the proceeds of crimes committed abroad.
On 30 June, 2020, the Financial Action Task Force (FATF) concluded that Mongolia had sufficiently fulfilled its given tasks. It was announced on the FATF website that the on-site inspection team would be appointed in the near future; after being delayed- due to the Covid-19 epidemic.
The Financial Regulatory Commission (FRC) seeks to strengthen the securities market policies and regulations; in line with international standards, for investors’ and professionals’ needs, to broaden collaboration with international organizations and to develop advanced technologies and market infrastructure.
The FRC hosted a press conference on 14 August, 2020 to highlight the financial sector's performance in stock markets during the first half of 2020 and to present measures to combat money laundering and the financing of terrorism.