Financial Crime World

Anti-Corruption Agency Receives Income and Assets Declarations from Elected Officials

April 15, [Year]

Mongolia - As part of its efforts to prevent corruption, the Anti-Corruption Agency has received income and assets declarations from elected officials as required by law.

Who Submitted Declarations?

The following categories of individuals submitted their declarations:

  • High-level government officials: Prime Minister, Ministers, Deputy Ministers, Heads of state-owned enterprises
  • Candidates in the election of the President:
    • President-elect
    • Vice Presidents
  • District election committee members: Members of the district election commission
  • Judges of all instances (except for the Supreme Court): Supreme Court judges, High court judges, Provincial court judges
  • Officials appointed by the Government: Heads of government agencies, Deputy heads of government agencies

Note that this list is not exhaustive and may be updated as more declarations are received.

What Happens Next?

The Anti-Corruption Agency will review and analyze the income and assets declarations to ensure their accuracy and completeness. The agency may also carry out inspections in pursuit of claims, complaints, and information or in accordance with its monitoring plan.

According to Article 13.8 of the Law on Prevention of Corruption, declarers who fail to submit their income and assets declarations on time, provide false information, or fail to register them will face disciplinary sanctions, including reprimand, reduction of salary, demotion, or dismissal from position.

Annual Report

The Anti-Corruption Agency will submit an annual report to the Legal Standing Committee of the State Great Hural by April 15, detailing the implementation of legislation concerning income and assets declarations.