[size=36]Sudanese advisor: international support to recover the looted funds of Iraq[/size]
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, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained today, Sunday, the tasks of the Iraq Money Recovery Fund, the parties involved in it, and the recovery mechanism, and while confirming the existence of international support for efforts in this field, he referred to the goals of the United Nations Convention against Corruption.
Saleh said, to the official agency, followed by Mawazine News, that "the preparations have changed and methods have evolved in the scope of recovering the country's looted funds or corruption funds, since the establishment of the Iraq Money Recovery Fund, which is headed by the head of the National Integrity Commission and is logistically supported by the Commission's money recovery department."
He added, "The council includes in its membership senior executive officials representing the Ministries of Foreign Affairs, Interior, Finance, Justice, Oil and Trade, the Office of Financial Supervision, the Central Bank of Iraq, the National Intelligence Service, and the Commission for Matter and Justice, based on the provisions of the first amendment to the Iraq Money Recovery Fund Law No. (7) of 2019."
He pointed out that "the Money Recovery Fund undertakes taking decisions and procedures and issuing instructions and regulations related to the recovery of funds looted before 2003 and all corruption funds, and it submits a periodic detailed report to the House of Representatives on the results of its work."
He explained, "For the first time in Iraq, the Recovery Fund Law provides for linking the development of joint agreements between Iraq and the countries of the world on the issue of international cooperation in the issue of money recovery, as Article 14 of the law stipulates that the government is obligated when it concludes investment or economic agreements with any country that exists." It has funds for Iraq that are covered by the provisions of this law by concluding agreements with those countries to recover those funds.
He pointed out, "There is a procedural and legal working association that works permanently between the Money Recovery Fund and the Ministries of Justice and Foreign Affairs in continuing efforts to collect Iraqi funds that were looted or that fell under the threat of corruption and were smuggled out of the country."
Saleh stated, "The management of the recovery fund has dozens of major cases under prosecution and collection by filing lawsuits in the areas of jurisdiction in countries of the world to recover looted or corrupt funds, which are employed today in the form of bank deposits, shares, bonds, real estate, and other assets in which they are hidden." Corruption money in other countries.
Saleh stressed, "The accuracy of cooperation with the Anti-Money Laundering Council headed by the Governor of the Central Bank of Iraq, and supported logistically by the National Anti-Money Laundering Office as a financial information and intelligence department that deals with dealing with its counterparts in the world in a sustainable and effective manner."
He pointed out that, "Iraq is among the signatories to the United Nations Convention against Corruption, which is a binding international legal document, approved by the United Nations in 2003, and includes more than 187 countries."
And he stated, "The United Nations Convention against Corruption aims to prevent corruption, criminalize certain actions, strengthen law enforcement and international judicial cooperation, provide effective legal mechanisms for asset recovery, technical assistance and exchange of information, and mechanisms for implementing the Convention, including the Conference of States Parties to the United Nations Convention against Corruption." ".
And he continued by saying: "This is what helped Iraq sign a cooperation agreement that took place recently with the United Nations Development Program to support Iraq's efforts in the international field to collect its stolen money, which is estimated at hundreds of millions of dollars." Ended 29 / m99