SEMINAR ON COMPLIANCE IN THE FINANCIAL SECTOR 2019
The Financial Regulatory Commission of Mongolia organized a seminar on Compliance in Financial Sector 2019 in collaboration with the Asia Foundation on 18 June 2019.
The seminar consisted of two parts: Business Ethics and Compliance and Compliance, Money Laundering and Terrorism Financing Crimes. During the discussion, participants exchanged views on topics such as Ethics of the Financial Sector and the Current Condition of Compliance, Business Ethics Becoming the Role of Compliance, Activities on Combating Money Laundering and Terrorism Financing , and the current status of implementation of the FATF- recommendations.
Dr Davaasuren Sodnomdarjaa (Chair of the FRC) and Mr Mark Koenig (Country Representative of The Asia Foundation) made opening remarks at the Seminar. During the course of panel discussions, speeches were presented by: Ms Ariunaa B. (Acting Chief of the FRC Secretariat), Mr Batzorig B. (Director of the Administration Department, FRC), Mr Batchuluun Kh, (Head of the Financial Information Unit of Mongolbank), and Mr Bayanmunkh A, (Program Manager, Strengthening Democratic Participation and Transparency in the Public Sector, of The Asia Foundation).
The seminar included participants from the public and private sectors, such as: Mongolbank, Ministry of Finance, Ministry of Foreign Affairs, Ministry of Justice and Internal Affairs, General Intelligence Agency, Mongolian Association of Securities Dealers, Insurance Association of Mongolia, NBFIs’ Association of Mongolia; as well as representatives from international organizations such as ADB, EBRD, IMF and WB.