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Mongolia
1998 (28 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Xac Bank
Company Information
Get to know Xac Bank
Established in 2001 through the merger of two major non-bank financial institutions, Xac Bank has grown to become one of Mongolia's largest universal banks. The bank is committed to sustainable development and social responsibility, pioneering green finance in the country. It offers comprehensive banking services, including retail and corporate lending, deposit accounts, payment cards, international remittances, and innovative digital banking solutions, with a strong focus on serving individuals and small to medium-sized enterprises (SMEs).
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