• Home
  • President
    • President KHURELSUKH Ukhnaa
    • President’s Full Powers
  • Office of the President
    • Head of the Office
    • Advisors to the President of Mongolia
  • News
  • Contact us
2025/09/05
  • MN
  • MNG
President of Mongolia
  • Home
  • President
    • President KHURELSUKH Ukhnaa
    • President’s Full Powers
  • Office of the President
    • Head of the Office
    • Advisors to the President of Mongolia
  • News
  • Contact us

CHIEF OF PRESIDENT’S OFFICE Z.ENKHBOLD MEETS CHAIRMAN OF INDEPENDENT AGENCY AGAINST CORRUPTION KH.ENKHJARGAL IN CONNECTION WITH END OF 49-DAY TERM GIVEN BY PRESIDENTS TO POLITICIANS FOR WITHDRAWING THEIR OFFSHORE PROPERTIES

thumbnail viewNewsPhotoviewNewsPhoto
2017/09/12 9:12:43
CHIEF OF PRESIDENT’S OFFICE Z.ENKHBOLD MEETS CHAIRMAN OF INDEPENDENT AGENCY AGAINST CORRUPTION KH.ENKHJARGAL IN CONNECTION WITH END OF 49-DAY TERM GIVEN BY PRESIDENTS TO POLITICIANS FOR WITHDRAWING THEIR OFFSHORE PROPERTIES

A total of 42 countries have been registered as “offshore regions” by the International Monetary Fund (IMF), and the International Consortium of Investigative journalists revealed that 49 Mongolian nationals have accounts in those regions.

President of Mongolia Khaltmaagiin Battulga called upon those who have offshore properties to close their bank accounts in offshore regions and bring their assets back to Mongolia and gave them a period of 49 days starting from July 24, 2017. The 49 days have ended yesterday.

Regarding the end of appeal, Chief of Staff of the President’s Office Z.Enkhbold received the Chairman and Commissioner-in-chief of the Independent Agency Against Corruption (IAAC) Kh.Enkhjargal, on September 12.

Mr. Enkhbold asked, after mentioning that politicians, public officials and their associates can own companies and capitals that have only been registered and imposed with taxation of Mongolia in accordance with the Criminal Code and Tax Law of Mongolia, what results have came out now that the 49-day period is over.

In response, IAAC Chairman Kh.Enkhjargal informed that the agency have called 23 persons and held three meetings with every one of them, and that no capital has been withdrawn to the country, thus far.

In pursuance of the Law on Adjustment of Interests and Prevention of Conflict of Interests in Public Service, a Mongolian citizen is obligated to close his/her bank account, withdraw cash, sell out or transfer ownership of properties and cancel operations of entity in offshore region within three months since the Government of Mongolia released the official list of offshore regions. After doing the above, a person is also obligated to report on the change of properties and income within 30 days to IAAC.

However, due to the absence of resolution officiating the list of offshore regions, Mongolia does not have the official definition of offshore regions, according to Kh.Enkhjargal.
The latter also reported that he has submitted top secret information on the status of operations on the “offshore properties” issue to the President of Mongolia.

Cabinet approved the official list of offshore regions at its regular meeting of August 31. Unfortunately, it has not been officialized by a resolution until now.

FEATURED

  • 2025/09/03 2:39:11President of Mongolia Lays Wreath at the Memorial Complex in Janchkhuu
  • 2025/09/03 2:33:25Mongolia-China-Russia Leaders Convene for 7th Trilateral Meeting in Beijing
  • 2025/09/03 2:30:29Mongolia, China Agrees on Expanding Cooperation in Multiple Fields
  • 2025/09/02 10:38:54Khurelsukh at SCO: “Mongolia Is Ready to Contribute to Regional Integration”
  • 2025/09/01 9:54:07President of Mongolia U. Khurelsukh Received by President of China Xi Jinping
  • 2025/09/01 9:50:11President of Mongolia Arrives in Tianjin for SCO Tianjin Summit 2025
  • 2025/08/28 4:26:08Governor-General of the Commonwealth of Australia the Honourable Samantha Mostyn to Pay a State Visit to Mongolia
  • 2025/07/26 3:00:59President of Mongolia U.Khurelsukh Concludes State Visit to the Republic of Tajikistan
  • 2025/07/26 12:22:02President Khurelsukh visits Rogun Hydropower Plant Construction Site
  • 2025/07/25 5:17:31Courtesy Call from Idizoda Faizali, Chairman of the Majlisi Namoyandagon of the Republic of Tajikistan

GALLERY

thumbnail received_1460020275239847
received_1460020275239847
2025/09/03 2:39:11President of Mongolia Lays Wreath at the Memorial Complex in Janchkhuu
thumbnail received_763184589756083
received_763184589756083
2025/09/03 2:33:25Mongolia-China-Russia Leaders Convene for 7th Trilateral Meeting in Beijing
thumbnail received_1061367876161760
received_1061367876161760
2025/09/03 2:30:29Mongolia, China Agrees on Expanding Cooperation in Multiple Fields
thumbnail received_787998147491349
received_787998147491349
2025/09/02 10:38:54Khurelsukh at SCO: “Mongolia Is Ready to Contribute to Regional Integration”
thumbnail 539914819_1852986372303789_7018353776700053805_n
539914819_1852986372303789_7018353776700053805_n
2025/09/01 9:54:07President of Mongolia U. Khurelsukh Received by President of China Xi Jinping
  • Home
  • President KHURELSUKH Ukhnaa
  • President’s full powers
  • Head of the Office
  • Contact us
Copyright © 2018