RIYADH: The Bureau of Investigation and Prosecution opened yesterday a symposium on "the role and responsibility of the public prosecution authorities and the judiciary in the field of anti-money laundering and counter financing of terrorism" in Riyadh.
Delegates from the public prosecution authorities and the judiciary of 21 countries are attending the three-day symposium. In nine scientific sessions the event aims to activate mechanism to combat organized crime, particularly money laundering and terrorism.
Mohammed bin Fahd Al-Abdullah, head of the Bureau of Investigation and Prosecution, said the symposium reflected the keenness of the Saudi leadership to strengthen the investigation, prosecution and judicial bodies in their fight against money-laundering and financing of terror.
The symposium will also discuss the negative effects of these crimes, the factors that helped in their proliferation and the international standards to combat such crimes, in light of the changes in their nature due to the expanding use of information technology and communication tools. The symposium will review a number of research papers prepared by a group of financial and legal specialists from the participating countries, and practical experiences of some countries in the field of anti-money laundering and counter financing of terrorism.
Today and tomorrow, the symposium will discuss means of international cooperation between countries through exchange of information and evidence and the prosecution of suspects. The sessions will also discuss procedures used in prosecution, such as scrapping the confidentiality of bank accounts, freezing them and using electronic evidences.
Symposium on money laundering begins
