(MENAFN- Kuwait News Agency (KUNA)) JEDDAH, Oct 8 (KUNA) -- The State of Kuwait is keen on supporting regional and global efforts in preparing legal frameworks for the recovery of assets, said a Kuwaiti official on Wednesday.
Delivering his speech to the first annual meeting of the Middle East and North Africa Regional Asset Recovery Network (MENA-ARIN) in Jeddah, Attorney General Counselor at Kuwait's Public Prosecution, Dr. Omar Al-Masoud affirmed that his country had established a bureau at the public prosecution to retrieve assets and seek compensation for crimes committed abroad.
The Kuwaiti official highlighted the achievements of Kuwait, especially on the regional level and in cooperation with GCC member states, with around USD 88.94 million (an estimated USD 290 million) retrieved in assets collectively.
Al-Masoud affirmed that Kuwait was eager to expand cooperation on the international level involving all states willing to expedite mechanisms for justice and asset recovery.
He commended the meeting in Jeddah, saying that it was the culmination of efforts among regional players in asset recovery and the combat of crime affecting many countries across the globe.
Al-Masoud affirmed that the greatest challenge facing the MENA-ARIN was effective cooperation among members, saying that this could be overcome through intensifying contact among asset recovery entities. (end)
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