Featured Mongolia

Mongolian leader barred from selling £11m London flat

The High Court has ordered that an £11 million London flat believed to be owned by the former prime minister of Mongolia cannot be sold or transferred during an international £185 million corruption and money-laundering investigation. Sukhbaatar Batbold, the prime minister of Mongolia between 2009 and 2012, has been accused… Read More

Financial crime country lists in a fragmenting world order

Naming and shaming countries that fail to meet the international community’s anti-financial crime standards is an increasingly popular pastime. The Financial Action Task Force (FATF, the global money-laundering and terrorist-financing watchdog) has long been a proponent and has recently been joined by the EU. The EU has now developed its… Read More

Anti-money laundering agency keeps Pakistan on watch list

A global anti-money laundering watchdog kept Pakistan on its monitoring list asking the South Asian nation to improve controls on terrorist financing while lauding authorities for recent progress. The Financial Action Task Force strongly urged Pakistan to complete its action plan by February, following a three-day meeting. Pakistan has largely… Read More

9th September 2020

Scam targets China-New Zealand money transfers

A scammer has used the Financial Market Authority (FMA) as a cover to steal from people making money transfers to China. A woman stranded in New Zealand during the first Covid-19 lockdown lost a significant amount of money after she tried to transfer funds from China to New Zealand for… Read More

26th June 2020

Candidates in Mongolian elections face Swiss corruption charges

Mongolia held parliamentary elections on June 24. Two of the candidates are currently under investigation by Swiss prosecutors, who suspect corruption linked to the granting of rights for a massive copper and gold mine in the Asian country. Politically, the two are running in different provinces. Sangajav Bayartsogt, the former… Read More

7th May 2020

EU to beef up scrutiny of money-laundering risks, adds Panama to blacklist

The European Commission aims to intensify its scrutiny of states posing money-laundering risks, and is looking into creating a new body to help police financial crime and monitor banks more strictly, draft documents seen by Reuters show. One document, expected to be published on Thursday, adds Panama and other countries… Read More

21st October 2019

Mongolia Added to Watch List by Agency Policing Money Laundering

Mongolia has been included on a list of countries monitored by an international agency that polices anti-money laundering activities and terrorism financing. Joining Mongolia as additions on the Financial Action Task Force’s watch list were Iceland and Zimbabwe, according to a FATF statement released by email Friday from Paris. “Each… Read More

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