Delegations of the Financial Regulatory Commission Attended the Meeting of the OECDEconomy
Ulaanbaatar /MONTSAME/. The sixth meeting of the informal network of law enforcement agencies related to mineral crimes was held in Brussels, the capital of Belgium, on the 15th-16th of December 2022.
Non-Permanent Commissioner of the Financial Regulatory Commission B.Batkhishig and Senior officer of the Anti-Money Laundering Unit Iveel Gantulga represented Mongolia at this meeting jointly organized by the Organization for Economic Co-operation and Development (OECD), the World Customs Organization (WCO), and the United Nations Office on Drugs and Crime (UNODC). Delegations of the FRC gave presentation on “Mongolia's precious metals, stones and diamond smuggling” and shared their experience on the topic. In addition, representatives of countries such as Nigeria, New Zealand, Ghana, Nambi, Congo, Gabon, India, Bangladesh, Australia, United Arab Emirates, Netherlands, Italy, USA, and Chile gave presentations and shared their diverse experience.
The OECD is an international organization consisting of 38 member countries that provides a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members.
Mongolia effectively cooperates with the OECD to adopt best practices of other countries and to improve the legal environment of dealers in precious metals and stones. Previously, the FRC participated in the 5th Meeting of the Informal law enforcement network on mineral related crimes virtually, and gave keynote speech on the DPMS sector of Mongolia.