Corrupt, shall be Hold Accountable -عبدالله العلمي @AbdullaAlami1
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Abdullah Al-Alami

Corrupt, shall be Hold Accountable

19 Oct 2021

abdallha

Not by chance, Saudi Arabia’s commitment to international cooperation to combat illicit money flows was reaffirmed by Reem Al-Omair, head of the Economic Committee in the Saudi representation to the United Nations. Saudi Arabia is working hard to implement laws and procedures that would increase openness and eradicate bribery, forgeries, money laundering, and waste of public funds.
The evidence is overwhelming and indisputable, with the Saudi Control and Anti-Corruption Authority recently announcing the opening of multiple criminal cases and the imposition of prison sentences and fines against people implicated in corruption cases, including officers and government employees. This magnificent action was not taken out of nowhere, but rather because of the Kingdom’s recognition of the economic and security consequences of corruption.
We recently read in our official newspapers about the arrest of a commercial entity manager and two bank employees in Saudi Arabia, for the manager presenting a forged contract with one of the major companies to the bank, and the commercial entity obtaining financing in the amount of (102,000,000) one hundred and two million riyals. Saudi activities are not limited to the country’s borders. Riyadh has established and supported a global network of law enforcement agencies dedicated to combating corruption and exchanging information among anti-corruption organizations around the world.
Financial corruption is on the rise, and if left unchecked, it undermines the rule of law, affects macroeconomic stability, causes serious security issues, and results in significant income leakage. Saudi supervisory authorities, on the other hand, are continuing to monitor, control, and hold accountable anyone who misappropriates public funds or uses their position for personal gain or to harm the public interest.

The fact that financial corruption crimes are not subject to the statute of limitations is heartening to the heart, and Saudi Arabia is continuing to fill the gaps through which corruption can be penetrated, as well as to implement what the regime requires against transgressors without complacency or zeal.
This is Saudi Arabia, and it will combat bogus and spurious mobile money in the same way it fought the mobile plague.

Abdullah Al-Alami

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