Mongolia
3 regulators · 6 laws & regulations · 7 obligations
| Law or regulation | Type | Year | Regulator | Summary | Source |
|---|---|---|---|---|---|
| Law of Mongolia on Cyber Security | Act | 2021 | — | Adopted 17 December 2021. It creates a Cyber Security Council led by the Prime Minister… | official |
Adopted 17 December 2021. It creates a Cyber Security Council led by the Prime Minister (Art. 11), designates critical information infrastructure across seventeen categories including banks with digital payment systems (Art. 19.1), and sets incident notification duties for infrastructure operators, state bodies and IT service providers. | |||||
| Law of Mongolia on Personal Data Protection (Revised edition) | Act | 2021 | National Human Rights Commission of Mongolia | Adopted 17 December 2021. It sets consent and other legal bases for processing, data… | official |
Adopted 17 December 2021. It sets consent and other legal bases for processing, data subject rights (Art. 16), breach notification (Art. 22) and supervision by the National Human Rights Commission (Art. 24). Penalties are by reference to the Criminal Code, the Law on Violations and employment law (Art. 30). | |||||
| Law of Mongolia on Virtual Asset Service Provider | Act | 2021 | — | Adopted 17 December 2021. The Financial Regulatory Commission registers and monitors… | official |
Adopted 17 December 2021. The Financial Regulatory Commission registers and monitors virtual asset service providers (Arts. 10.1 and 10.9.3). Providers need an automated AML/CFT control system (Art. 7.1.6) and must assess and plan to reduce money laundering and terrorism financing risks (Arts. 7.1.8-7.1.9). The date of entry into force was not stated in the text opened. | |||||
| The Regulation of Preventive Measures on Anti-Money Laundering and Combating Financing of Terrorism | Regulation | 2019 | Bank of Mongolia | Approved by the Governor of the Bank of Mongolia by decree No. A-262 of 21 January 2019… | official |
Approved by the Governor of the Bank of Mongolia by decree No. A-262 of 21 January 2019 and amended by decree No. A-31 of 27 January 2021. It sets identification and verification tables, record-keeping periods, compliance officer and suspicious transaction reporting rules for reporting entities. | |||||
| Law of Mongolia on the Securities Market (Revised edition) | Act | 2013 | — | Regulates public offering of securities, their trading, registration, payments, clearing… | official |
Regulates public offering of securities, their trading, registration, payments, clearing and depository, with the stated purposes of regulating market participants and protecting investors (Arts. 1.1 and 3.1). The Financial Regulatory Commission grants special permits (Art. 24.2) and can require information from issuers (Art. 21.1). The translation shows amendments up to January 2023. | |||||
| Law on Combating Money Laundering and Terrorism Financing | Act | 2013 | — | Sets customer due diligence, record-keeping, reporting and internal-programme duties for… | official |
Sets customer due diligence, record-keeping, reporting and internal-programme duties for reporting entities and gives the FIU and sector supervisors powers to issue warnings and orders, propose licence limitation or cancellation, and require changes of senior officials (Art. 23.2). The text on the FIU site is an unofficial translation including amendments adopted on 17 January 2020. | |||||
| No instruments match these filters. | |||||