Trade and Development Bank of Mongolia (“TDB”), as a leading financial institution in Mongolia, we operate in accordance with international and local rules and regulations concerning AML and the prevention of terrorism financing (“AML/CTF”).
TDB has established policy and procedures designated to combat Money Laundering and Terrorism Financing in line with Mongolian AML law, FATF standards and other local and international regulator’s rules and regulations.
Our bank’s AML/CTF policy and procedures include specific details about Know-Your customer operation, special monitoring for accounts and transactions, implying financial prohibitions, how to conduct relation with correspondent banking, relation with financial institutions, trainings and combating money laundering process and assessment of risk processes.
Trade and Development bank provides services only after confirming and monitoring customer’s information from authentic sources and documents. We pay special attention to:
The bank complies and operates according to international laws and regulations such as the Wolfsberg group’s regulations and rules dedicated for correspondent relations, US Patriot Act of U.S.A and “US FATCA”. Please see the relevant comprehensive information from here.