Bank of Mongolia to adopt the OECD's financial consumer protection principles

The American Chamber of Commerce in Mongolia

2018-02-06 13:11 GMT+8

The Bank of Mongolia is preparing to implement 11 principles proposed by the G20-Organization for Economic and Co-Operation and Development (OECD) Task Force on Financial Consumer Protection.

The principles include the equitable and fair treatment of consumers; protection of consumer assets against fraud and misuse; financial education and awareness; and the responsible business conduct of financial services providers and authorized agents.

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