FATF backs Saudi efforts to strengthen global cooperation against corruption

FATF backs Saudi efforts to strengthen global cooperation against corruption

The Financial Action Task Force (FATF) supports Saudi Arabia’s efforts to strengthen cooperation; among anti-corruption agencies around the world. This is in order to enhance compliance of the taskforce’s recommendations, said Dr. Marcus Pleyer, the chairman of the FATF.

The FATF chief made the remarks during a virtual meeting with Mazen Bin Ibrahim Al-Kahmous; president of the Oversight and Anti-Corruption Authority (Nazaha), SPA also reported on Monday.

Pleyer thanked the Kingdom for holding the meeting. He also noted that illicit funds are one of the corruption gates; as he discussed issues of common interest with the Nazaha chief.

Meanwhile, Al-Kahmous apprised the FATF chief of Saudi leadership’s efforts to impress upon G20. This is to adopt several pioneering G20 initiatives to fight corruption.

It is noteworthy that one of the most prominent of these initiatives is the adoption of the first ministerial meeting to combat corruption which will be held under the Saudi presidency on Oct. 22.

The ministerial meeting is to discuss the most important challenges in the fight against corruption. Besides, preparing a road map for overcoming these challenges.