Financial Crime World

Mongolia Moves to Strengthen Anti-Bribery Laws

Ulaanbaatar, Mongolia - A New Era Against Corruption

In an effort to combat corruption across all aspects of public life, the Mongolian government has introduced a comprehensive National Anti-Corruption Strategy aimed at tackling graft by 2030. This strategic move is part of a broader effort to strengthen anti-corruption measures and align with international standards.

Key Objectives

  • Introduce transparent appointment of civil servants
  • Ensure greater protections for whistleblowers and journalists
  • Establish a new governance framework for state-controlled assets
  • Enhance cooperation with civil society organizations and the media sector
  • Standardize operations of state-owned enterprises (SOEs)

The strategy, which was formally submitted to the State Grand Khural in April, outlines 10 national goals with 45 objectives and 224 independent activities. This comprehensive approach is expected to yield positive results and strengthen transparency in all sectors.

Collaboration and Support

The government has emphasized its focus on anti-corruption initiatives within the extractive industry, which contributes significantly to the country’s total exports. The collaboration between the Mongolian government, the Independent Authority Against Corruption (IACC), and international organizations such as Transparency International and the Brookings Institution is expected to yield positive results.

Improved Transparency and Accountability

The new strategy aims to standardize the operations of SOEs, making all SOEs follow consistent rules throughout processes such as appointment and removal of public figures, tenders, and procurement. This move is expected to increase transparency and accountability in the sector.

A Year of Anti-Corruption Efforts

With its “Year of Anti-Corruption” underway, Mongolia’s parliament has a key role in strengthening the legislative framework to combat corruption at all levels. The government’s dedication to anti-corruption efforts is seen as a positive step towards creating a culture of transparency and accountability in public life.

Global Recognition

The strategy has been welcomed by Transparency International’s Chairman Peter Eigen, who praised Mongolia’s efforts to combat corruption in a meeting with Prime Minister Oyun-Erdene Luvsannamsrai. “We acknowledge the efforts made by the State Great Khural and the Government of Mongolia in combating corruption in the past,” Eigen said. “We are ready to offer any support and assistance from Transparency International’s headquarters.”