Saudi Arabia to launch Thursday “Riyadh Initiative” at UN to support global anti-corruption efforts

Saudi Arabia will Thursday launch in Geneva the “Riyadh Initiative” aimed at establishing a global network of operations to exchange information between anti-corruption agencies, Arab News reports.
The initiative aims at developing a rapid and effective tool to combat cross-border corruption crimes.
It birthed from the Gulf country’s presidency of the G20 last year with the aim of to develop and launch a network to strengthen efforts to combat corruption internationally.
The initiative, the Saudi media notes, has received international support, and the political declaration of the UN General Assembly meeting dedicated to combating corruption welcomed the establishment of the initiative called the Global Network of Anti-Corruption Law Enforcement Authorities (GlobE Network).
It is backed by G20 countries and international organizations specialized in combating corruption, such as Interpol, the Egmont Group, the Organization for Economic Cooperation and Development, the Financial Action Task Force, the World Bank and the International Monetary Fund.
Mazin bin Ibrahim Al-Kahmous, president of the Oversight and Anti-Corruption Authority (Nazaha) will present the initiative Thursday in Geneva at a UN session.
Saudi Arabia is ranked 52nd on Transparency International Corruption Perceptions Index (CPI) 2020.

Written by