Ulaanbaatar, September 24, 2025 /MONTSAME/. The plenary meeting of the Asset Recovery Interagency Network Asia Pacific (ARIN-AP) is being held in Ulaanbaatar, Mongolia.

At the meeting, held under the theme “Legal Management of Assets and Asset Recovery,” topics such as best practices in AI usage in asset recovery, non-conviction-based asset forfeiture, regional cooperation, and new trends in asset management are discussed. Moreover, representatives from the following countries will deliver speeches: the Commonwealth of Australia, the Kingdom of Thailand, the Federation of Malaya, the Republic of the Philippines, the Independent State of Papua New Guinea, the Republic of India, the Republic of Fiji, and New Zealand. Three side sessions will take place.

At the opening of the meeting, Prime Minister Zandashatar Gombojav noted, “The event is part of a global effort to stop and combat financial crimes, money laundering, corruption, and terrorism financing. According to the Financial Action Task Force (FATF), the ARIN-AP network serves as a bridge for information exchange among law enforcement agencies, supporting the detection, freezing, confiscation, and return of illegally obtained assets. Thus, the meeting not only strengthens the cooperation between law enforcement agencies but also builds trust between regional countries. Mongolia is committed to contributing to this important initiative and to supporting effective cooperation among members.”

The Prime Minister further stated, “The Government of Mongolia is actively implementing reforms in state governance to ensure economic growth and national development. I am confident that the meeting will not only deliver practical outcomes but also create broad opportunities for mutual trust and joint action.”

Director, Commissioner General of the Independent Authority Against Corruption (IAAC) Dashdavaa Zandraa stressed, “Illegal financial flows are increasingly transitioning into digital forms, expanding through virtual assets, cryptocurrency transactions, and cross-border digital transfers. This situation calls for measures beyond legal tools: advanced technologies, especially artificial intelligence, offer a new gateway to detect illicit financial flows, investigate suspicious transactions, and conduct rapid data-driven analysis.

International cooperation is crucial in combating corruption and illegal financial flows. The IAAC is contributing to joint regional efforts in the fight against corruption, eradicating illegal asset flows, and strengthening justice. This year, Mongolia’s IAAC is hosting the international meeting in Ulaanbaatar as a member of the ARIN-AP Steering Group and Chair of the meeting for 2025.