Riyadh, Washington Discuss Means of Recovering Looted State Funds

Riyadh, Washington Discuss Means of Recovering Looted State Funds

Head of the Saudi National Anti-Corruption Commission Mazen al-Kahmous discussed with US Deputy Assistant Secretary of State in the Bureau of INL, James Walsh means of cooperation in the field of recovering looted state funds.

This comes in line with the Kingdom’s Vision 2030, which promotes the fight against corruption and the protection of public funds.

Riyadh looks forward to prosecute corrupts and hold them accountable and return looted funds to the public treasury, to emphasize the principle of the rule of law.

Kahmous also discussed with Walsh a number of topics of common interest on the sidelines of the eighth session of the Conference of the States Parties to the United Nations Convention against Corruption (UNCAC/COSP8) currently being held in Abu Dhabi from Dec.16 till 20.

Assistant to the President of the Control and Anti-Corruption Authority for International Cooperation Dr. Nasser AbalKhail, Senior Adviser to the Authority’s president Khalid bin Abdulaziz al-Dawood, and a number of the Authority’s specialists participating in the conference attended the meeting.

Bilateral Cooperation

In this context, Kahmous discussed with President of the UAE State Audit Institution (SAI) Harib al-Amimi means of bilateral cooperation in the field of fighting corruption and protecting integrity.

The Saudi official has earlier participated along with his delegation in the conference’s activities.

He said the Kingdom has developed its vision 2030 and put governance, transparency, integrity, and anti-corruption as its main pillars.

“Saudi efforts in the field of international cooperation were not limited to mere agreements and memoranda of understanding,” Kahmous stressed.

“It, however, prioritized bolstering efforts to combat corruption and protect integrity in the G20, being the group’s president for the year 2020.”

Saudi Arabia signed the UN Convention against Corruption on 9 January 2004.

Afterwards, Saudi Arabia ratified it on 23 January 2013 pursuant to Royal Decree No. M5.

With over 185 states parties to the agreement, this conference is the most important among those concerned with combating corruption.

It aims at boosting international cooperation and evaluating legislation related to fighting corruption.

It also targets enhancing integrity and transparency and means of developing them.