Financial Crime World

Compliance Reporting Gains Momentum in Mongolia

Ulaanbaatar, Mongolia - In a surprising turn of events, Mongolia has emerged as a hub for compliance reporting, with local businesses and organizations recognizing the importance of ethics and accountability.

A Growing Need for Certification and Training

Recent conferences held in Ulaanbaatar have seen enthusiastic attendance from compliance professionals, highlighting the growing need for certification and training in this field. The country’s banking sector has been at the forefront of this movement, acknowledging that compliance is essential for participating in the global economy.

Business Council of Mongolia Shows Interest

The Business Council of Mongolia also showed keen interest in learning more about compliance programs during a recent talk by Adam Turteltaub, CEO of the Society of Corporate Compliance and Ethics (SCCE). This marked a significant milestone for the SCCE, as it marked the organization’s expansion into yet another region.

SCCE Expansion Plans

The two graduates of the SCCE’s Basic Compliance and Ethics Academies in attendance held the prestigious Certified Compliance and Ethics Professional-International (CCEP-I) designation, obtained through training programs in Dubai and Singapore. The SCCE is committed to meeting the growing demand for compliance reporting globally, with upcoming academies scheduled in:

  • Hong Kong
  • Buenos Aires, Argentina
  • Santiago, Chile
  • Bangkok, Thailand

The organization’s expansion plans for 2020 are expected to further solidify its presence worldwide.

A New Frontier for Compliance Reporting

As the compliance landscape continues to evolve, it’s heartening to see that the importance of ethics and accountability is no longer limited to traditional hubs like Manhattan or Madrid. With countries like Mongolia embracing compliance reporting, it’s only a matter of time before this vital profession becomes as commonplace in Ulaanbaatar as it already is in major cities around the world.

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