The Integrity Commission and the Central Bank agree to uncover corruption crime networks and eliminate money laundering channels.
The head of the Federal Integrity Commission, Mohammed Ali Al-Lami, agreed today, Thursday, with the governor of the Central Bank, Nizar Nasser Hussein, to dry up the avenues for smuggling money . Currencies& Foreign Exchange
The commission said in a statement received by Mail that “the head of the Federal Integrity Commission, Muhammad Ali Al-Lami, stressed during his meeting with the governor of the Central Bank, Nizar Nasser Hussein, the importance of adopting parallel financial investigations as an effective tool in tracking the proceeds of corruption crimes and revealing their paths.”
He added that “Al-Lami also discussed, during his meeting with the Governor of the Central Bank, ways to enhance cooperation and coordination between the two sides, in order to support national efforts aimed at protecting the financial system, consolidating the principles of transparency and integrity, and mutual support in implementing procedures that would reduce corruption, money laundering, and financial violations.”
Al-Lami stressed “the need to tighten control and regulate the channels through which money is smuggled, in order to protect public funds and enhance integrity, through the integration of the efforts of the relevant institutions.”
For his part, the Governor of the Central Bank, Nizar Nasser, stressed “the importance of strengthening cooperation with regulatory bodies, given its impact on protecting public funds, reducing corruption and financial violations, enhancing confidence in the financial system, and establishing standards of transparency and integrity in line with best institutional practices.”
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