The National Council held its regular meeting

The regular meeting of the National Council for Combating Money Laundering and Terrorist Financing was held on May 6, 2024, at the Ministry of Justice and Home Affairs, chaired by B.Enkhbayar, the Minister of Justice and Home Affairs. The following agenda items were presented and discussed:

• A report on Mongolia's participation in the Annual Meeting of the Asia-Pacific Group on Money Laundering (APG), and the submission of Mongolia's 2024 Follow-up Report to the APG.
• An update on the current situation regarding internationally implemented sanctions.
• An overview of new and emerging threats and risks related to money laundering, terrorist financing, and the proliferation of weapons of mass destruction, as they pertain to Mongolia.
• A review of the progress made in 2023 on the National Strategy for Combating Money Laundering and Terrorist Financing, as well as other issues requiring decisions.
• Proposed amendments to the "National Strategy for Implementing the Program to Combat Money Laundering and Terrorist Financing".
• Presentation and resolution of the proposal from the Cooperation Council requesting Mongolia's removal from the APG's enhanced monitoring process.

The meeting made decisions to issue recommendations from the National Council, approve the draft order to amend the "National Strategy for Combating Money Laundering and Terrorist Financing", and endorse the proposed changes to this program.