Iraq calls on the international community to abide by the terms of a UN agreement to recover its looted and convicts money
Iraq calls on the international community to abide by the terms of a UN agreement to recover its looted and convicts money
Wednesday 8 September 2021 | 04:47 PM
In his intervention during the meetings of the working groups within the framework of the United Nations Convention against Corruption held in the Austrian capital Vienna, Alaa Jawad Al-Saadi confirmed Iraq’s support for “all initiatives emanating from these meetings that seek to facilitate the task of countries to recover their looted funds.”
Al-Saadi pointed to the great difficulties facing the efforts of the national oversight bodies in Iraq in the file of recovering the proceeds of corruption that the corrupt succeed in smuggling outside the borders, noting that Iraq, which is represented by the Federal Integrity Commission in the United Nations Convention against Corruption, supports “the efforts, initiatives and agreements that contribute to enabling it to recover his money.”
In his intervention, Al-Saadi highlighted the need to announce the necessity of “obligating the member states of the agreement with their decisions and clauses that necessitated cooperation among the member states in aid and overcoming the difficulties faced by efforts to recover funds and assets and those convicted of corruption crimes, stressing that Iraq is under an obligation to expedite taking steps.” Serious and genuine hope for the success of these meetings by preparing the appropriate steps and procedures to recover the looted funds.
He pointed out that “Iraq and other countries suffer from the fact that some countries embrace the proceeds of corruption, so that it has become a safe and stable haven for them,” noting that the laws of those countries have become “providing legitimate protection for them and those convicted of stealing, and represent a wall that prevents the local regulatory and judicial authorities from enabling them, It prevents the implementation of the provisions of the International Convention against Corruption, as well as undermines current international efforts to curb corruption and reduce its pathways at the international and local levels.
Al-Saadi reviewed the obstacles and impediments that stand in the way of the success of the efforts of the national regulatory and judicial bodies, despite their great efforts and measures, referring to some of them as “dual citizenship, and the difficulty of proving the link between assets and smuggled funds and the crime that comes as a result of their commission.” in the economies of those countries.
The head of the Integrity Commission expressed his hope that “these obstacles will be overcome and that they will not prevent the success of these efforts, especially the issue of dual nationality, which some corrupt resort to by making investments in these incubating countries.”
aynaliraqnews.com
