The Financial Regulatory Commission (FRC) has taken various steps to prevent money laundering, terrorist financing and the proliferation of weapons of mass destruction.
Within the framework of this work, in cooperation with professional associations and regulatory agencies, FRC has been organizing trainings for employees of regulated organizations to improve their knowledge and raise awareness of the risks of money laundering and terrorist financing.
Amongst them is the certified training in cooperation with the Banking and Finance Academy “Training of Trainors” that was organize from June 2 through June 26, 2020. The aim of this particular course was to empower participants of the course by improving their understanding and skills in relation combating money laundering and terrorist financing in the regulatory sector.
As COVID-19 pandemic continues to be a threat, the current global health crises has halted almost all classroom training. Despite the difficulties, 60-hour online training was successfully organized virtually. In order to increase the understanding, skilled trainers from the FRC, Bank of Mongolia, National Counter Terrorism Council, Financial Intelligence Unit and other professional organizations provided important knowledge and information to the participants.
Representatives of associations from all FRC regulated sectors were involved in the course, more than 50 management and senior officials successfully completed the training.
The Financial Regulatory Commission and the Banking and Finance Academy organized a ceremony to award certificates to successful graduates on July 7, 2020. Jambaajamts T, Head of the Secretariat of the Financial Regulatory Commission, B.Dolgorsuren, Head of the Supervision Department, and Altantsetseg Sh, Executive Director of the Banking and Finance Academy, presented certificates to the trainors.
The trainors expressed their deepest gratitude and satisfaction with the organization and results from the training.