Funds Diverted Abroad: Algeria Proposes an Arab Protocol

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Algeria intends to broaden its field of action in the fight against corruption and the recovery of squandered funds diverted abroad. This is a proposal that will be presented to the council of Arab justice ministers.

Indeed, the Minister of Justice Abderrachid Tabi will take part tomorrow Sunday, December 5 in the work of the 68th meeting of the Council of Arab Ministers of Justice, which will be held at the headquarters of the Arab League located in Cairo.

According to a press release from the Ministry of Justice, made public this Saturday, the Minister of Justice will also have to preside the next day, that is, on Monday, December 6, 2021, the 37th session of the Council of Arab Ministers of Justice.

“The agenda for this session includes seventeen (17) items, which include several topics of common Arab interest, including the fight against terrorism, strengthening Arab and international cooperation, money laundering and the financing of terrorism and cybercrime,” the statement read.

An Arab protocol for the recovery of embezzled funds

The 37th session of the Council of Arab Ministers of Justice will also address “the criminalization of the payment of ransom”, which is a proposal formulated by Algeria, it is further indicated.

The justice ministry also indicated that Algeria, through its presidency of this session, will formulate several other proposals, in particular with regard to the recovery of funds embezzled and transferred abroad.

Thus, Algeria will have to propose “the development of an Arab convention for the protection of personal data and an Arab protocol for the recovery of squandered funds transferred abroad”, we read in the press release.

In the same vein, the Council will discuss the results concretized during “the Conference concerning the Arab Convention against Corruption, as well as the Arab Convention on the Status of Refugees in Arab Countries”.