The Financial Regulation Bureau approved a procedure to prevent money washing, investing terrorism, knowing the customers and informing suspicious cash transfers. The bureau worked together with Mongolbank on the procedure which orders financial organizations, insurance companies and bond organizations to inform the higher financial organizations before making a money transfer of MNT 20 million or above. Furthermore, the suspicious transfers can be postponed. Suspicious transfers would mean the source of the money and receiver is not clear. In order to do so, money transferring citizens and organizations must give detailed information, including name, home address and phone numbers.