The Mongolian Embassy in London, UK, Thursday released a statement after reports in local news released on January 15th with headlines that the bank account of the Mongolian Embassy in London had been closed down. 

The statement says that the bank account of the Mongolian Embassy in London was located at HSBC. In June 2013, HSBC issued a decision to close down all bank accounts associated with diplomatic representative offices all over the world.

The decision by HSBC is not directed against Mongolia and over 40 diplomatic representative offices, only in London, had their bank accounts closed down according to the decision. 

The Mongolian Embassy in London reopened a bank account in another bank in September 2013, which is now in effect.