On Jul 24, newly elected president of Mongolia Kh.Battulga called for politicians, public servants and relevant people who hold offshore accounts to withdraw the deposited money from the account into Mongolia within 49 days.
President’s call states: “Some politicians, public servants and their relevant people in Mongolia have been widely criticized for hiding their bribery, illegal profit and dirty money in offshore account to avoid taxes. List of 42 countries is considered as offshore financial centers by the International Monetary Fund and the Economic Cooperation Organisation.
The people who refused to fulfill this requirement and did not transfer their money into Mongolian bank will be investigated and face legal obligation”.
The deadline is approaching. A total of 29 Mongolian citizens and 35 companies hold offshore accounts in foreign countries. However, none of the citizens and companies transferred the money into Mongolian bank, reports Anti-Corruption Agency.
On Jul 24, newly elected president of Mongolia Kh.Battulga called for politicians, public servants and relevant people who hold offshore accounts to withdraw the deposited money from the account into Mongolia within 49 days.
President’s call states: “Some politicians, public servants and their relevant people in Mongolia have been widely criticized for hiding their bribery, illegal profit and dirty money in offshore account to avoid taxes. List of 42 countries is considered as offshore financial centers by the International Monetary Fund and the Economic Cooperation Organisation.
The people who refused to fulfill this requirement and did not transfer their money into Mongolian bank will be investigated and face legal obligation”.
The deadline is approaching. A total of 29 Mongolian citizens and 35 companies hold offshore accounts in foreign countries. However, none of the citizens and companies transferred the money into Mongolian bank, reports Anti-Corruption Agency.