Establishing a Memorandum of Understanding (MOU) between the FIUs of two countries concerning cooperation in the exchange of information related to money laundering and terrorism financing is crucial to provide opportunities for effective cooperation and collaboration in exchanging information in the field of combating money laundering, financing of terrorism, and/or financing of proliferation within the framework of the domestic legal framework based on mutual interest and a sincere desire to cooperate.
As of 2023, FIU-Mongolia is cooperating with FIUs from twenty-three jurisdictions by establishing a bilateral MOU to exchange information (Picture 1).
Picture 1. Memorandum of Understanding with FIUs in other jurisdictions
