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AML/CFT Activities

Mongolia AML CFT Activities

In October 2020, Mongolia was removed from the Financial Action Task Force’s list of jurisdictions under increased monitoring or “Grey List“.

This move was a recognition of the country’s efforts to improve its anti-money laundering and counter-terrorist financing (AML/CFT) framework and its increased compliance with FATF 40 Recommendations. In the last follow-up Mutual Evaluation Report undertaken in 2023, Mongolia was deemed Compliant for 9 and Largely Compliant for 31 of the FATF 40 Recommendations. It remains Highly effective for 0 and Substantially Effective for 0 of the Effectiveness  & Technical Compliance ratings.

The technical assistance activities delivered by the EU Global Facility on AML/CFT came following a request from the authorities of Mongolia, notably to help them improve their compliance with FATF Recommendation 8 and continue strengthening their national anti-money laundering and counter-terrorist financing framework.

Bilateral Activities

Starting date
January 2021


  • Law enforcement and intelligence
    • Financial Intelligence and Investigations
    • GPO
  • Regulation and FIU
    • Virtual Assets Detection and STRs
    • DNFBPs Supervision
    • Sanctions Screening Terrorism and Proliferation

Regional Activities

Starting date
February 2021

South/South East Asia regional training – FATF Recommendation 8

Focus on Mongolia