Ulaanbaatar
Public servants trained in combating money laundering and financing of terrorism
Society
Ulaanbaatar /MONTSAME/ Financial Regulatory Commission of Mongolia conducted a training for public servants working on combating money laundering and the financing of terrorism on April 2. More than 50 officials of the Ministry of Finance, Ministry of Justice, Ministry of Foreign Affairs, Anti-corruption Agency, Tax Administration, Customs General Administration, National Police Agency, General Authority for Intellectual Property and State Registration, office of the Prosecutor General and Financial Regulatory Commission participated in the training co-organized with Ernst and Young (EY) Slovakia.
The participants discussed new perception of combating money laundering and financing of terrorism, weaknesses and advantages of Mongolia’s legal and regulatory environment, accountability system, identification of suspicious transactions and users, international challenges and experiences on the issue, as well as risks and vulnerabilities that may occur in each sector.
Financial Regulatory Commission and the International Investment Bank are implementing a project to intensify the fight against money laundering and financing of terrorism. The training is a part of the works to improve the legal environment, system of combating financial crimes and public awareness of money laundering and financing of terrorism.
The project executor EY Slovakia has invited international consultants specialized in financial crime to conduct this training. The training will be held on April 2-3.
The participants discussed new perception of combating money laundering and financing of terrorism, weaknesses and advantages of Mongolia’s legal and regulatory environment, accountability system, identification of suspicious transactions and users, international challenges and experiences on the issue, as well as risks and vulnerabilities that may occur in each sector.
Financial Regulatory Commission and the International Investment Bank are implementing a project to intensify the fight against money laundering and financing of terrorism. The training is a part of the works to improve the legal environment, system of combating financial crimes and public awareness of money laundering and financing of terrorism.
The project executor EY Slovakia has invited international consultants specialized in financial crime to conduct this training. The training will be held on April 2-3.
B.Misheel
