TDB has implemented internal policies and procedures on anti-money laundering and counter-terrorism financing in line with international guidelines and regulations to protect its operations from involvement in money laundering and terrorist financing activities.
The policy and procedures comply with the national law on combating money laundering, terrorist financing, and the proliferation of weapons of mass destruction, as well as the Bank of Mongolia’s guidelines to prevent money laundering and terrorist financing. They also align with the Financial Action Task Force (FATF) recommendations, as well as US and EU standards. . Click here
USA Patriot Act
The bank follows the USA PATRIOT ACT. The Act is devoted to deter and punish terrorist acts in the United States and around the world to enhance law enforcement investigatory tools and other purposes. Click here
Wolfsberg Questionnaire
The Wolfsberg Group is an association of thirteen global banks which develops frameworks and guidance for managing financial crime risks, particularly concerning Know Your Customer, Anti-Money Laundering, and Counter-Terrorist Financing policies.
The attached document is the Wolfsberg Group's Correspondent Banking Due Diligence questionnaire, and in the paper, you can find the general frame of the Bank's AML and CTF program. Click here
W-8BEN-E FORM
FATCA requires foreign financial institutions (FFIs) to report to the IRS about financial accounts held by U.S. taxpayers, or by foreign entities in which U.S. taxpayers hold substantial ownership. As a foreign financial institutions, TDB complies with these requirements accordingly. Click here