8/29/2022

The Great Khural of Mongolia approved the Livestock Tax Law at the joint session on November 13, 2020.

8/22/2022

As part of the SFFS project jointly implemented by the Ministry of Finance of Mongolia and the World Bank, the Treasury Department of the Ministry of Finance has implemented the Electronic Transaction Verification Directory (ETVD) www.finance.gov.mn, a secure system for enabling electronic verification and monitoring of electronic transfers. Implementing the ETVD system has digitized the payment settlement process, improved control and monitoring by verifying payments using a one-time password that ensures security and confidentiality, and enabled financial staff to make payments without an in-person visit to the treasury. The system is developed by the Information Technology Center of Customs, Taxation and Finance, a state-owned enterprise under the Ministry of Finance, and implemented by the Ministry of Finance project team.

8/22/2022

Within the framework of the "Strengthening Governance in Mongolia project" jointly implemented by the Ministry of Finance of Mongolia and the European Union, the Treasury Department is working to deve

8/18/2022

In accordance with international anti-money laundering standards - 40 recommendations of the Financial Action Task Force (FATF) Mongolia was required to monitor and regulate real estate brokerage activities, assess the risk of money laundering, financing of terrorism, and the proliferation of weapons of mass destruction, and establish a regulatory system. 

8/12/2022

The Parliament of Mongolia approved the amendment to the Public Procurement Law on June 10, 2022, with 79.6% of the votes of attended parliament members. 

8/9/2022

The DMFAS manuals give detailed instructions on how to manage different modes of operation in the area of system debt and financial tools such as foreign debt, on-lending, foreign bonds, internal bonds and registry, usage, return payment, and research and reports.

8/9/2022

The 25th annual meeting of the Asia-Pacific Anti-Money Laundering Group was held in Kuala Lumpur, Malaysia from July 24 to 28, 2022. The meeting was attended with financing from Strengthening Fiscal and Financial Stability Project, and led by Deputy Minister of Justice and Internal Affairs B. Solongoo, and participation from Chairman of the Financial Regulation Committee D. Bayarsaikhan, Head of the Financial Information Unit of Bank of Mongolia B. Batbaatar and representatives of the General Intelligence Department, Anti-Corruption Agency, General Police Department, and the Metropolitan Prosecutor's Office.

8/3/2022

Under the framework of the project "Strengthening Fiscal and Financial Stability", experimental estimation on short-run changes in the people’s living conditions and main poverty indicators as well as the study to determine the characteristics of the poor were made, and related manual and initial policy recommendations were developed.