Nizahah presents Kuwait's experience in enhancing beneficial ownership transparency and technical assistance sustainability in Vienna - Sarmad
The General Authority for Combating Corruption presented Kuwait's experience in enhancing beneficial ownership transparency and the sustainability of technical assistance in Vienna.
Translated by Qiyas from سرمد — Original source
(KUNA) – The Public Authority for Combating Corruption (Nizahat) reviewed Kuwait’s experience during the meetings of the Open-Ended Intergovernmental Working Group on Asset Recovery, held in Vienna from November 2 to 6. The review highlighted the provision and receipt of technical assistance in enhancing beneficial ownership transparency, and the evolution of the initiative from an initial concept into a Gulf-wide guideline and resolutions at both the Arab and Islamic levels, culminating in the presentation of the experience and the exchange of expertise in international forums.
In a press statement, Nizahat noted that this occurred during the presentation by Board Member Dr. Abdullah Al-Dabous at the Working Group’s sessions in Vienna. He pointed out that Nizahat prepared a guideline on practices and measures for identifying the beneficial owner for Gulf Cooperation Council (GCC) countries, in cooperation with and drawing on the technical expertise of the United Nations Office on Drugs and Crime (UNODC), before the guideline was adopted at the Gulf level in October of last year.
Dr. Al-Dabous stated that Nizahat continued its efforts by organizing a specialized Gulf workshop last July, which resulted in recommendations adopted by the GCC Ministers’ Committee on Combating Corruption in September. The initiative subsequently expanded to the Arab and Islamic levels.
He added that the Conference of the States Parties to the Arab Convention on Combating Corruption adopted, in September last year, a resolution proposed by Nizahat on behalf of Kuwait regarding the enhancement of beneficial ownership transparency. Furthermore, the Third Ministerial Meeting of Anti-Corruption Law Enforcement Agencies of the Organization of Islamic Cooperation (OIC) adopted a resolution in the same field last month, also proposed by Nizahat.
Dr. Al-Dabous emphasized the importance of sustaining technical assistance, expanding the utilization of its outputs, making knowledge available in the language of beneficiary entities, and strengthening cooperation with international organizations and networks. He noted that Nizahat was selected to lead two thematic working groups within the Global Anti-Corruption Network (GLOBE) Network, focusing on knowledge, peer learning, and information exchange.
Dr. Al-Dabous concluded by reaffirming Kuwait’s aspiration to continue enhancing international cooperation, contributing to transforming technical assistance into sustainable institutional capacities and shareable knowledge that can be utilized on a broader scale.
