Mongolia, ADB expand anti-money laundering program to cover all national financial institutions
Mongolia’s Financial Information Unit and Financial Regulatory Commission (FRC) concluded the last module of an ADB-supported anti-money laundering (AML) capacity development program for the private sector on 14-17 May in Ulaanbaatar. Nineteen financial institutions presented their enhanced internal AML policies, using AML toolkits provided under the program. This was followed on 18 May by an FRC workshop with non-bank financial institutions to kick-off the nationwide roll-out of the AML trainings and toolkits. Keynote speakers at the workshop were Head of the Standing Committee in Parliament D. Damba-Ochir, MongolBank Governor N. Bayartsaikhan, FRC Chairperson S. Davaasuren, and Joel Syquia of ADB’s Office of Anticorruption and Integrity.
Seminars to reinforce anticorruption awareness held in Papua New Guinea
Representatives from executing and implementing agencies and private sector, and Papua New Guinea Resident Mission staff participated in a series of anticorruption seminars on 14-16 May in Port Moresby. The seminars raised participants’ awareness of ADB’s Anticorruption Policy and provided tips to help them identify and respond to possible integrity violations in ADB-related activities.
Papua New Guinea transport sector projects: Follow-up review
Papua New Guinea’s Department of Works officials discussed with the Office of Anticorruption and Integrity (OAI) the project procurement follow-up review of the Highlands Region Road Improvement Investment Program and Bridge Replacement for Improved Rural Access Sector Project on 30 April in Port Moresby. OAI will validate DOW's implementation of the proactive review recommendations and provide implementation assistance.
Project procurement review for Viet Nam’s Water Sector Investment Program
Viet Nam government agencies and ADB commenced a project procurement-related review on 23-26 April for the investment program (tranches 1 to 3) at four different locations. Project procurement reviews examine project procurement, disbursements, and asset inspections to ensure that project integrity risks are addressed and funds are used for intended purposes.
Philippines’ Department of Foreign Affairs upgrade skills in detecting fraud
Twenty-six officers and staff from the Office of Consular Affairs of the Philippines' Department of Foreign Affairs enhanced their fraud detection skills through a training organized by ADB's Office of Institutional Services-Government Relations Unit and Office of Anticorruption and Integrity on 20 April in Manila. Using case study exercises, the participants developed new techniques to identify red flags and review documents with professional skepticism.
Tax auditors from Pacific developing member countries receive exchange of information training
Tax auditors from 12 Pacific developing member countries learned to effectively use exchange of information (EOI) tools at a seminar by Global Forum, Pacific Islands Tax Administrators Association, and ADB on 10 to 12 April in Nadi. Fiji Revenue and Customs Services CEO Visvanath Das in his closing remarks underscored the importance of international cooperation and EOI in securing domestic revenue.
ADB supports the Philippines’ Securities and Exchange Commission to strengthen its anti-money laundering regime
Over 30 officials from the Securities and Exchange Commission (SEC) collaborated with ADB to develop anti-money laundering guidelines for SEC-regulated entities at a workshop held on 5-6 March in Tagaytay City. The workshop is part of ADB’s technical assistance to support the creation of an anti-money laundering unit at SEC.
Mongolia’s private sector receives continued support to develop AML/CFT compliance programs
To develop effective anti-money laundering and combating the financing of terrorism (AML/CFT) programs, 80 participants from banks, remittance and real estate agencies in Ulaanbaatar attended a series of workshops on 26-28 February. ADB is rolling out toolkits to help participants improve their internal anti-money laundering regimes.
Seminars in Afghanistan reinforce stakeholders’ anticorruption awareness
Forty-two executing and implementing agencies, civil society organizations, and private sector representatives reinforced their knowledge of ADB’s Anticorruption Policy and skills for detecting integrity violations at the seminars held on 20-21 February in Kabul. A session on ADB’s investigation processes and new procurement framework was also conducted for the National Procurement Authority on 19 February.
Afghanistan Resident Mission participates in Respect at Work and Integrity Due Diligence session
To raise awareness and enhance skills on due diligence for preventing fraud and corruption in ADB projects, 27 staff and consultants were briefed on ADB’s Code of Conduct (AO 2.02) and Disciplinary Measures and Procedures (AO 2.04) on 21 February in Kabul, Afghanistan.