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Oman News

Oman takes active role in Arab Forum for Anti-Corruption and Financial Investigation

Oman actively participated in the Arab Forum for Anti-Corruption Bodies and Financial Investigation Units held in Riyadh.

TAS News Service

info@thearabianstories.com

Wednesday, May 15, 2024

RIYADH: This two-day event, attended by over 600 experts and 50 speakers, aims to bolster joint Arab efforts against cross-border corruption and financial crimes.

The forum’s attendance of key stakeholders from anti-corruption bodies, financial investigation units, and financial institutions across the Middle East and North Africa sets the stage for collaborative strategies to address pressing challenges.

His Excellency Sheikh Ghosn bin Hilal Al Alawi emphasized Oman’s proactive approach to fostering cooperation among entities combatting corruption, financial crimes, money laundering, and terrorist financing. He highlighted the importance of national strategies supported by robust legislation and practices, which enable state institutions to effectively manage risks and enhance their capabilities in accordance with international standards.

The forum’s agenda covers crucial topics such as leveraging technology to combat money laundering, enhancing civil society cooperation in monitoring financial crimes, and promoting collaboration between the public and private sectors for economic progress. Sessions also delve into evaluating compliance measures, decoding information crimes, and refining anti-money laundering efforts in financial institutions.

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