Shoura ‘no’ to Nazaha monitoring accounts

Updated 06 November 2015
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Shoura ‘no’ to Nazaha monitoring accounts

JEDDAH: The Shoura Council has rejected a recommendation for the National Anti-Corruption Commission (Nazaha) to monitor the bank accounts of people suspected of corruption.

The proposal was for the anti-graft body to work through the Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank, according to a report in a local publication.
The proposal was submitted by Saud Al-Subaie, head of the Shoura’s security committee, with the support of Saud Al-Shammari, head of the committee on human rights and supervisory bodies.
Al-Shammari argued that the recommendation was sound and did not violate any current banking rules. He said that while SAMA oversees the banking system, banks regulate themselves.
He said that banks report suspicious financial activities anyway, without any requests from the country’s security agencies. This information is submitted to the interior and finance ministries. The Nazaha would be a supervisory body working through SAMA, he said.
Shoura member Sultan Al-Sultan endorsed the proposal, saying that the authorities should also monitor the accounts of land owners when they start implementing the new tax on unused land in the country.
Another member, Fahd Al-Enzi, expressed concerns about the proposal and said it would require several amendments to banking laws, and cannot just involve approving a recommendation. He said the proposal was too wide-ranging and would “affect the economy considerably.”
Member Sami Al-Zaidan said the phrase “those suspected” cannot be used in place of “those accused of corruption.” He said details of accounts should only be disclosed by an order of the courts, and should not rest with the Nazaha or any other body.
Mohammed Al-Naji, who opposed the proposal, said that this type of monitoring is already being done through the Saudi Financial Investigation Unit, which receives reports of suspicious transactions.
The recommendation would negate the confidentiality clause clients have with their banks. They would no longer trust their banks and may close their accounts, he said.
However, the Shoura did approve a proposal for the Nazaha to get copies of the final court rulings issued on corruption cases, and to seek ways to recover stolen public funds.
The Shoura called on the Nazaha to work with the Ministry of Education to raise awareness about ethical behavior.


‘Individuals responsible for Khashoggi's death were out of scope of their authority’, Saudi FM tells Fox News

Updated 21 October 2018
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‘Individuals responsible for Khashoggi's death were out of scope of their authority’, Saudi FM tells Fox News

  • Al-Jubeir said "conflicting reports" about whether Khashoggi had left consulate in Istanbul prompted probe
  • Said Kingdom was working on finding out location of the body and determining full details

WASHINGTON: Saudi Arabia's Foreign Minister Adel Al-Jubeir said on Sunday that King Salman is determined to hold to account those responsible in the case regarding the late journalist Jamal Khashoggi.

“The individuals did this out of the scope of their authority,” Jubeir told Fox News’ Bret Baierhe during an exclusive interview, adding that none of those involved in Khashoggi’s death had close ties to Saudi Arabia's Crown Prince Mohammed bin Salman.

“There were not people closely tied to him. This was an operation that was a rogue operation,” he said.

He added that conflicting reports about whether Khashoggi had left the Saudi Arabian consulate in Istanbul prompted a probe into his disappearance, and that Saudi Arabia will continue to put out information on the case "as it becomes available."

The Saudi foreign minister offered his condolences to the family of Khashoggi and said the death was a "tremendous mistake."

Al-Jubeir added that Saudi Arabia was working on finding out the location of Khashoggi’s body and determining the full details into what happened.

He told the news program that Saudi-US ties would "weather" the Khashoggi case.