Government officials to be banned holding offshore accounts
Government officials to be banned holding offshore accounts.
Government officials to be banned holding offshore accounts. Since the Panama Papers scandal broke, speculations appeared on financial entanglements of Mongolian government officials and the Mossack Fonseca law firm. The Cabinet discussed draft amendments to the law on adjustment and prevention of conflict of interests in the public service. The bill bans government officials, who are obliged to submit annual income statements to the Anti-Corruption Agency, from owning bank accounts and private entities in offshore regions.
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