Identity verification in Mongolia
Country: Mongolia (MN / MNG) · Region: East Asia & Pacific · Population: ~3.4M · Tier: 2 Regulators: Bank of Mongolia (Mongolbank) · FIU-Mongolia · Financial Regulatory Commission (FRC) · GASR · FATF status: Clean — grey-listed Oct 2019, removed Oct 2020 Didit pricing: $0.30/verification · 500 free/month · 14,000+ document types · 220+ countries · 48+ languages
Documents supported
(Government IDs from 220+ countries)
Average verification time
Countries covered
(Government-issued IDs validated)
Market overview
Mongolia's AML/CFT architecture rests on a short, relatively modern legal stack that every local law firm advising on financial services — Melville Erdenedalai, MahoneyLiotta, DB & Gelegjamts, GTs Advocates, Lehman Law Mongolia — consistently cites: - Law on Combating Money Laundering and Terrorism Financing (AMLA) — originally enacted in 2006, fully revised on 31 May 2015 and repeatedly amended since (most substantively in 2018 and 2019–2020 in the run-up to, and during, the FATF grey-listing episode). It is the statute that establishes reporting entities, CDD, record-keeping, STR obligations, wire-transfer rules, PEP screening, tipping-off prohibitions and the FIU. - Criminal Code of Mongolia (2015, in force 1 July 2017) — which criminalises money laundering (Art. 18.6) and terrorism fin
Supported documents
Didit templates cover national IDs, passports, residence permits and regional documents — plus 14,000+ documents globally for cross-border flows.
Regulators
`mongolbank
GASR
regulated
Manages national ID card and civil registry. National registration number assigned. Electronic verification available for some authorized entities.
Government
regulated
E-Mongolia digital government initiative. Digital identity and government services. Growing digital infrastructure.
Government & regulated databases
Compliance framework
AML framework
Supervised by Mongolbank
Mongolbank (`mongolbank.mn`) is Mongolia's central bank and the supervisor of commercial banks for AML/CFT purposes. Banks dominate the Mongolian financial sector — around 90% of financing flows through the five systemically important banks: Khan Bank, Golomt Bank, Trade and Development Bank (TDB), State Bank and Khas Bank. Khan Bank alone operates ~530 branches and ~800 ATMs and serves an estimated 80% of Mongolian households.
Data protection
Supervised by National DPA
Penalties for non-compliance
4. Sanctions and PEP screening — UN, OFAC, EU, UK, domestic lists; FATF-aligned PEP categories.
Use cases
Neobanks, EMIs, payment institutions, lenders, brokerages.
The Financial Regulatory Commission (FRC) (`frc.mn`) was established in 2006 under the Law on the Legal Status of the Financial Regulatory Commission as Mongolia's non-bank financial regulator. It reports directly to Parliament. Its scope is broader than most comparable regulators and includes:
Exchanges, custodians, wallets, on/off-ramps.
Mongolia was unusually early in Asia-Pacific on VASP regulation. The State Great Khural adopted the Law on Virtual Asset Service Providers on 17 December 2021, and it entered into force on 25 February 2022. The accompanying Amendments to Related Laws updated the AMLA, the Law on Non-Bank Financial A
Sports betting, online casinos, age-gated platforms.
The Law on the Protection of Personal Data (PDPL) was adopted on 17 December 2021 and took effect on 1 May 2022, replacing the Law on Personal Secrecy (1995). It is part of a four-law bundle — PDPL + Cybersecurity + Public Information Transparency + Electronic Signature — that entered into force on
Gig platforms, delivery, creator economy, e-commerce.
Civil registration is run by the General Authority for State Registration (GASR / Улсын бүртгэлийн ерөнхий газар), under the Ministry of Justice and Home Affairs. GASR issues:
Biometric liveness
Mongolia does not yet have a public, commercial non-documentary KYC API of the kind seen in India (Aadhaar) or Singapore (MyInfo). The raw ingredients, however, are in place: - A near-100% coverage national biometric ID rooted in a single civil registry (GASR). - A single national digital-government platform (eMongolia) with active authentication and 900+ integrated services. - A legal framework (PDPL + Electronic Signature + Cybersecurity + Public Information Transparency) that permits, with co
CERTIFICATIONS
Our platform meets the highest international standards for information security, data privacy, and biometric accuracy.
Full EU data protection compliance
Information security management
PAD (liveness + face match)
TRUSTED WORLDWIDE
Join thousands of companies that trust Didit for their verification needs
Didit’s NFC + active biometrics technology blocks the most advanced fraud scenarios, offering a level of security equivalent to or superior to in-person verification.
Spanish Financial Sandbox
CNMV, SEPBLAC & Spanish Treasury — Conclusions Report
Didit is an exceptionally valuable partner, delivering a stable and highly adaptable solution”.
Vuk Adžić
Head of the E-Business Department at Crnogorski Telekom
Didit offered us a robust technology with a simple implementation and adaptability to different markets”.
Fernando Pinto
CEO & CoFounder at TucanPay
Thanks to Didit we have been able to reduce manual processes and improve data extraction accuracy”.
Diana Garcia
Trust & Safety Executive at Shiply
Didit’s integration slashed verification times and costs, freeing resources for other projects”.
Guillem Medina
COO at GBTC Finance
Didit removed KYC costs, enabling faster scaling with high verification standards and less fraud.”
Paul Martin
VP Marketing & Growth at Bondex
Didit’s secure, user-friendly verification boosts customer trust and optimizes our process.”
Cristofer Montenegro
Executive assistant to the CEO at Adelantos
Didit ensures a precise, secure digital onboarding without slowing negotiations or client time.”
Ernesto Betancourth
Gerente de riesgos at CrediDemo
FAQ
Yes. Mongolia permits remote KYC onboarding under its national AML framework, including document verification, biometric liveness and video identification where required by regulation.
Didit verifies all major national IDs, passports and residence permits issued in Mongolia, plus 14,000+ document types globally for cross-border flows.
Didit charges $0.30 per verification with 500 free checks per month. No contracts, no minimums. Competitors typically charge $1.00–$2.50+ per verification.
Yes. Didit screens against 1,000+ global watchlists including PEP databases, sanctions lists (EU, UN, OFAC, OFSI), and adverse media — covering all AML obligations in Mongolia.
Most regulated sectors in Mongolia require or strongly recommend biometric liveness detection for remote onboarding. Didit provides ISO 30107-3 PAD Level 2 certified liveness.
Yes. Didit supports document verification, liveness, AML screening and ongoing monitoring aligned with Mongolia’s crypto regulatory framework, including EU Travel Rule compliance where applicable.
Yes. Didit provides document-based age verification and identity confirmation suitable for Mongolia’s iGaming regulatory requirements.
500 free verifications per month. No contracts, no minimums. $0.30 per verification after the free tier.
