Mongolia: Strengthening the Anti-Money Laundering Regime

Sovereign Project | 46368-001

Summary

The TA will provide systematic capacity development for the authorities responsible for investigation and prosecution of money laundering and terrorism financing offenses. These authorities are primarily the Bank of Mongolia, the General Police Department, the General Intelligence Agency, the Independent Authority Against Corruption, the General Prosecutor's Office, and the judiciary.

Latest Project Documents

Title Document Date
Strengthening the Anti-Money Laundering Regime Dec 2012

Consulting Notices

See also: CMS

No notices are currently available for this project.

Procurement Notices

See also: Operational Procurement

No notices are currently available for this project.

Procurement Documents

No documents of this type are currently available for this project.


Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Project Name Strengthening the Anti-Money Laundering Regime
Project Number 46368-001
Country Mongolia
Project Status Approved
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8255-MON: Strengthening the Anti-Money Laundering Regime
Regional Trade and Financial Security Initiative C US$ 360,000.00
TA: Strengthening the Anti-Money Laundering Regime (Supplementary)
Technical Assistance Special Fund US$ 360,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Partnerships
Sector / Subsector Public sector management - Law and judiciary
Gender Equity and Mainstreaming
Description The TA will provide systematic capacity development for the authorities responsible for investigation and prosecution of money laundering and terrorism financing offenses. These authorities are primarily the Bank of Mongolia, the General Police Department, the General Intelligence Agency, the Independent Authority Against Corruption, the General Prosecutor's Office, and the judiciary.
Project Rationale and Linkage to Country/Regional Strategy
Impact Enhanced AML/CFT regime for Mongolia
Project Outcome
Description of Outcome Government authorities with better capacity to carry out investigation and prosecution of money laundering and terrorism financing offenses
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

About 40 officers from the participating authorities will be trained in money laundering and terrorism financing trends and typologies, investigation techniques, legal and evidentiary issues, and case preparation for investigation and prosecution

Paper on issues and challenges in the design and implementation of an AML/CFT capacity development program using Mongolia as an example

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services The consultants will be engaged by ADB in accordance with the Guidelines on the Use of Consultants by the Asian Development Bank and its Borrowers (2010, as amended from time to time).
Procurement To be determined
Responsible ADB Officer Said Zaidansyah
Responsible ADB Department Office of the General Counsel
Responsible ADB Division Office of the General Counsel
Executing Agencies
Bank of Mongolia (Central Bank)Commerce Street 6
Ulaanbaatar - 11
Mongolia
Timetable
Concept Clearance 24 Sep 2012
Fact Finding 05 Sep 2012 to 06 Sep 2012
MRM -
Approval 11 Dec 2012
Last Review Mission -
Last PDS Update 21 Nov 2012

TA

Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
360,000.00 0.00 0.00 0.00 0.00 0.00 360,000.00 - 0.00

TA 8255-MON

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
11 Dec 2012 04 Jan 2013 04 Jan 2013 31 Dec 2014 31 Dec 2016 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
0.00 360,000.00 0.00 0.00 0.00 0.00 360,000.00 11 Dec 2012 321,055.91
Title Document Type Document Date
Strengthening the Anti-Money Laundering Regime Technical Assistance Reports Dec 2012

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.


The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.