On Monday, June 16, 2025, Golomt Bank held its second Compliance Workshop in Ulaanbaatar, with a collaboration with The Bank of New York Mellon Corporation (“BNY”), a global financial services company. The event brought together a diverse group of over 100 participants, including local regulators, BNY representatives, and compliance and AML officers from Mongolian banking and finance sector.

Mr. Odonbaatar, CEO of Golomt Bank, remarked, “As we celebrate Golomt Bank’s 30th anniversary, today’s workshop enables us to share insights, discuss challenges, and identify opportunities for collaboration in AML/CFT standards from diverse perspectives. With Mongolia expanding its global presence and attracting foreign investment, maintain compliance with international regulation is more crucial than ever.”

Topics regarding the international AML/CFT standards and industry practices, key risk trends in cross border payments, deploying artificial intelligence in compliance practice, information sharing of public and private sectors were introduced by speakers from BNY and the Bank of Mongolia.

Since establishing a correspondent banking partnership with BNY, Golomt Bank has significantly increased its cross-border payment and trade finance activities through expanded global networking, fostering collaborations on an international scale and adapting global compliance practices.

As a pioneer in ethical conduct, Golomt Bank reaffirmed its commitment to ethical business practices during the workshop. The bank, alongside industry experts, emphasized its zero tolerance for financial corruption and immorality.