On 7 December 2020, the European Commission adopted a Delegated Regulation amending Delegated Regulation 2016/1675 supplementing the Fourth Anti-Money Laundering Directive, as regards deleting Mongolia from the table in point I of the Annex. The explanatory memorandum to the Delegated Regulation explains that the Commission has concluded that, at this stage, Mongolia no longer has strategic deficiencies in its anti-money laundering / countering the financing of terrorism (AML/CFT) regime considering the information available to it. Following the measures implemented to address the action plan agreed with the Financial Action Task Force, Mongolia has remedied the strategic deficiencies in its AML/CFT regime and no longer presents a significant AML/CFT threat to the international financial system. Taking into account its relevance under the revised methodology, the Commission considers that this jurisdiction no longer has strategic deficiencies in the AML/CFT framework and does not pose a significant threat to the financial system of the Union.