Ulaanbaatar
Government proffering to ban offshore activities for high-rank officials
PoliticsUlaanbaatar /MONTSAME/ On September 14, the cabinet reviewed the concept of draft amendments to the Law on Coordinating Public and Personal Interests in Public Services and Preventing from Conflicts of Interests. Then, the Minister of Justice and Domestic Affairs was assigned to reflect the cabinet members’ suggestions to the draft and submit bill to the Parliament.
The draft amendments provided for that an official, who is obliged to submit annual income statement to the Government, cannot open bank accounts, deposit and establish legal entities in offshore platforms while running for public office or on duty.
