TDB implemented a Corporate Policy and Procedure on Anti-Money laundering and Counter-Terrorism financing to prevent its businesses from involvement in money-laundering and terrorist financing.
The policy and the procedure follow the national Law on Combating Money Laundering and Terrorist Financing and Proliferation of Weapons of Mass Destruction and Combating Terrorism, the Mongolbank’s Procedures to prevent money laundering and terrorist financing and regulations, Financial Action Task Force (FATF)’s recommendations and 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 across the globe to enhance related law enforcement investigatory tools and other purposes. Click here
Wolfsberg Questionnaire
The Wolfsberg Group is an association of thirteen global banks that aims to develop 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
Banks and financial institutions comply with the FATCA. This law instructs banks and financial institutions to provide information on foreign accounts of US citizens and legal entities to the Federal Tax Administration, and the TDB is a reporting Foreign Financial Institution per the act and operates accordingly. Click here