Ochgerel Lkhagva

Experience

• 

  Financial Intelligence Unit, Central Bank of Mongolia

  Jun 2012 - Feb 2018

  Supervisor
• 

  FIU Mongolia

  Jul 2018 - May 2022

  As Director of Policy, Compliance, and Cooperation, I played a key role in enhancing Mongolia's AML/CFT framework, ensuring its alignment with international standards. From 2019 to 2022, I led the working group to remove Mongolia from the FATF Grey List, revised key AML/CFT laws and regulations, and initiated the Mongolian National Risk Assessment. I also facilitated effective cooperation among AML/CFT stakeholders at both policy and operational levels and represented Mongolia in assessments by FATF and APGML. Show less

  • Division Director

    Feb 2020 - May 2022

  • Senior Supervisor

    Mar 2019 - Feb 2020

  • FIU analyst

    Jul 2018 - Mar 2019
• 

  The Central Bank of Mongolia

  May 2022 - now

  Director of AML supervision division

  As the Director of the AML/CFT Division at the Central Bank of Mongolia, I lead a team of 10 supervisors specializing in the Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) oversight of the banking sector and broader financial industry.Our division is responsible for developing and implementing a comprehensive AML/CFT supervision framework, including legal regulations and supervisory procedures and guidelines that align with FATF standards.Our work involves conducting onsite and offsite supervision of banks on a continuous basis, ensuring compliance with AML/CFT regulations and mitigating financial crime risks. Under my leadership, we have successfully built a robust supervisory framework that has yielded positive outcomes, enhancing the overall integrity of Mongolia's financial system. Show less