In accordance with the laws of Mongolia and relevant regulations, a non-bank financial institution is required to verify the following documents and information before establishing a business relationship or providing financial services to individuals and legal entities. This process is implemented to provide financial services tailored to clients and to protect them from the risks of financial crime and illegal activities.
For individual clients, the following information is collected and verified:
• Personal identification information
• Employment, business information, and source of income
• Other relevant information
For legal entity clients, the following information is collected and verified:
• State registration information of the legal entity
• Information on shareholders and executive management
• Information on the beneficial owner, as well as ownership and control structure of the client
• Business activity and sector
• Other additional information depending on the type of legal entity
Within the framework of the Corporate Governance Code approved by the Financial Regulatory Commission, Transcapital develops and implements the following policy documents in its day-to-day operations:
• Charters of the Board Committees, including Audit, Nomination, Remuneration, Credit, and Environmental & Social Responsibility Committees
• Dividend Distribution Policy
• Executive Management Procedures
• Disclosure and Reporting Policy
• Remuneration Policy
• Succession Policy
• Risk Management Policy
• Code of Ethics and Whistleblowing Mechanism
• Compliance Monitoring Program
• Others
