Mongolia Embraces Compliance Regulations to Join Global Economy
In a significant move, Mongolia has demonstrated a strong interest in compliance regulations, recognizing the importance of adopting global standards to participate in international trade. This development is a testament to the growing recognition of the importance of ethical business practices globally.
A Surprising Turn of Events
Adam Turteltaub, a renowned compliance expert, recently visited Mongolia and delivered two talks on compliance programs to The Business Council of Mongolia with the assistance of the US Embassy. His visit marked a significant milestone in Mongolia’s economic development, as the country recognized the importance of adopting global standards.
Enthusiasm for Compliance
According to Turteltaub, Mongolia’s enthusiasm for compliance is palpable, with local communities able to support conferences and experts eager to learn more about the subject. He noted that it was exhilarating to see that their humble profession now spans the globe, with numerous compliance professionals found in unexpected places.
The Global Reach of SCCE
The event also highlighted the global reach of the Society of Corporate Compliance and Ethics (SCCE), with two graduates of its Basic Compliance and Ethics Academies in attendance. Both held the Certified Compliance and Ethics Professional-International (CCEP-I) designation, acquired through training programs in Dubai and Singapore.
Plans for Expansion
The SCCE plans to expand its global presence further, with upcoming regional meetings scheduled in Buenos Aires, Argentina; Santiago, Chile; and Bangkok, Thailand for 2019. The organization also expects expansion into new regions in 2020 as compliance becomes increasingly important for businesses worldwide.
A Significant Milestone
Mongolia’s adoption of compliance regulations marks a significant milestone in the country’s economic development. As compliance conferences become a common occurrence worldwide, it is likely that we will see more countries following suit.
Conclusion
In conclusion, Mongolia’s embracement of compliance regulations serves as a testament to the growing recognition of the importance of ethical business practices globally. With the SCCE at the forefront of promoting compliance standards, it is likely that we will see more countries adopting these regulations in the future.
Key Takeaways:
- Mongolia has demonstrated a strong interest in compliance regulations.
- The country recognizes the importance of adopting global standards to participate in international trade.
- The Society of Corporate Compliance and Ethics (SCCE) plans to expand its global presence further.
- Compliance conferences are becoming increasingly important for businesses worldwide.
- It is likely that we will see more countries adopting compliance regulations in the future.