Saudi Arabia stresses unity to reduce illicit financial flows

Saudi Arabia stresses unity to reduce illicit financial flows
Dr. Khaled Manzlawiy. (SPA)
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Updated 27 April 2020

Saudi Arabia stresses unity to reduce illicit financial flows

Saudi Arabia stresses unity to reduce illicit financial flows
  • Vision 2030 states that Saudi Arabia will have “zero tolerance” for all levels of corruption, whether administrative or financial

New York: Saudi Arabia's deputy permanent representative to the UN in New York emphasized the Kingdom’s belief in international cooperation to reduce illicit financial flows, the Saudi Press Agency reported.

Dr. Khaled Manzlawiy also enouraged UN bodies to continue working and considering ways to address the phenomenon of illicit transactions, and that transparency between countries was important when cooperating.

Manzlawiy made the remarks during a speech at a virtual meeting between UN member states and the high-level panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda.

He highlighted Saudi Arabia’s efforts in the field of combating corruption, transparency and integrity, stressing that combating corruption was an essential pillar to achieve the goals of the Kingdom's Vision 2030 reform plan.

The panel was briefed on member states’ contributions on areas that could help them in mobilizing sufficient political support to address challenges facing the world in terms of financial accountability, transparency, integrity and anti-corruption, and the priorities that countries considered important to enhance financial accountability, transparency and integrity in order to achieve the 2030 Sustainable Development Goals.

Vision 2030 states that Saudi Arabia will have “zero tolerance” for all levels of corruption, whether administrative or financial.

“We will adopt leading international standards and administrative practices, helping us reach the highest levels of transparency and governance in all sectors,” it adds. “We will set and uphold high standards of accountability. Our goals, plans and performance indicators will be published so that progress and delivery can be publicly monitored."

 


Saudi royals offer condolences to Indonesia’s quake victims

Saudi royals offer condolences to Indonesia’s quake victims
Updated 19 January 2021

Saudi royals offer condolences to Indonesia’s quake victims

Saudi royals offer condolences to Indonesia’s quake victims
  • At least 56 people were killed and 820 injured in the quake that left 15,000 people displaced

RIYADH: The Saudi King and Crown Prince have offered their condolences to President Joko Widodo of Indonesia after an earthquake measuring 6.2 on the Richter scale hit Sulawesi island on Friday, state news agency SPA reported.

According to the disaster mitigation agency (BNPB) at least 56 people were killed and 820 injured in the quake that left 15,000 people displaced.

King Salman and Crown Prince Mohammed bin Salman offered their sympathy to the families of those killed and wished a speedy recovery for the injured.