New Mongolian governor appointed amid AML controversy

bank-of-mongolia

Mongolia’s parliament appointed Byadran Lkhagvasuren as the country’s central bank governor today (November 22), after his predecessor resigned for allegedly failing to tackle money-laundering activities in the country.

The Chinese official news agency Xinhua said lawmakers voted to accept Nadmid Bayartsaikhan for resignation on November 21. Xinhua said Bayartsaikhan resigned after the Financial Action Task Force added Mongolia to its “grey list”. The FATF is an international network of

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