INA publishes the recommendations of the International Conference on the Recovery of siphoned-off money

  • 16-09-2021, 21:28
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    Baghdad - INA

    The Iraqi News Agency (INA) publishes the recommendations of the international conference to recover smuggled funds, according to a statement issued by the Integrity Commission.
    The Integrity Commission said in a statement received by the Iraqi News Agency (INA), that "the conference came out with a number of important recommendations, the most prominent of which was the demand to form an international bloc to urge the countries that hold the smuggled assets to cooperate and diagnose the countries that abstain from them.".
    In the final statement of the conference, held under the auspices of Prime Minister Mustafa Al-Kadhimi and in the presence of the Secretary-General of the League of Arab States Ahmed Aboul Gheit, and in the presence of Arab judges and ministers of justice, the head of the commission, Alaa Jawad Al-Saadi, stated that “the purpose of its meeting is to find the best and easiest way to recover the looted funds from Arab countries coming from As a result of the rampant corruption in some institutions of those countries, and the implementation of the procedures for establishing an international judiciary specialized in corruption and money recovery issues, he pointed out that “what is stolen and wasted from the looted money is the people’s money and not the money of the rulers and ruling regimes, indicating that the constitutional principles that are included in the Arab Protect the wealth of future generations and preserve it from tampering.
    Al-Saadi affirmed, "The Republic of Iraq's keenness, through holding this conference, to benefit from the best and beneficial global and Arab experiences in the field of combating corruption, especially the file of recovering smuggled funds, in which scientific research and papers presented in its axes and sessions addressed how to treat and what are the means." In order to gain access to the looted funds that the political influence was able to cover up, and to provide safe havens for them in some countries under the headings, including: investment and other forms such as money laundering.
    He noted that " The method of criminal prosecution of the corrupt was discussed, the administrative methods used in bilateral agreements between states, and the means of resorting to civil justice to demand the recovery of money laundered through fraud, and to prosecute the corrupt who have caused damage to public facilities by committing corruption crimes.
    The statement added, "The activities of the second day of the conference sessions witnessed a review and discussion of a set of research and working papers submitted to the axes of (the Iraqi experience and international cooperation in the field of recovering looted funds) and (international experiences and practices in recovering looted funds), as the sessions of the first axis were chaired by Vice President The Federal Integrity Commission Mazhar Turki Abd, and to enrich the two axes, they were presented with research, studies and working papers, including the research paper submitted by the Director General of the Recovery Department in the Commission (Moataz Faisal Al-Abbasi) tagged (Iraqi Experience and International Cooperation in Recovering Looted), during which he discussed the experience of a money recovery fund Iraq, reviewing the contents of the Iraqi experience in recovering money and convicts, and the accompanying successes and difficulties, as well as the papers included in the two axes that shed light on the best Arab and international experiences in recovering money and convicts and pursuing the proceeds of corruption.
    He added, "The conference, which is an important regional initiative in the field of anti-corruption and money recovery, came out with a number of recommendations, including: making an international lobbying group to work with the countries that hold the looted funds and assets, and that it is confirmed that they refrain from expressing cooperation in accordance with the provisions of Chapter V of the UN Convention against Corruption in order to push it to cooperate to return the money and the convicted persons, provided that the bloc seeks to use all national and international procedures, including the formation of international specialized courts in this issue , and the issuance of a bulletin on countries that refrain from providing assistance, as well as emphasizing the principle of good faith in the implementation of international legal obligations In the field of recovering looted funds, and what is required to return illegally obtained funds and assets to the country requesting recovery, seeking assistance from international research institutions concerned with the recovery of looted funds, and seeking assistance from international research institutions and legal offices to obtain technical support in the field of recovering looted funds, expediting the activation of the provisions of the two agreements International and Arab anti-corruption with importance to Provisions related to money recovery, finding unconventional means in the matter of money recovery, combating corruption, benefiting from Arab cooperation mechanisms and confiscation not based on criminal convictions, encouraging the conclusion of bilateral agreements between countries and calling on the Arab Center to prepare guiding models for these agreements.