Iraq’s Federal Commission of Integrity (COI) has called on member states of the United Nations Convention Against Corruption (UNCAC) to strengthen legal cooperation in recovering stolen assets and illicit funds. The commission emphasized that these funds are crucial for national development and reconstruction efforts.
Iraq Pushes for Asset Recovery
During a meeting with Swiss Ambassador Daniel Hunn, COI Chairman Dr. Mohammed Ali Al-Lami reaffirmed Iraq’s commitment to eliminating corruption and preventing the illegal transfer of funds abroad. He stressed that recovering misappropriated assets remains a top priority for the country.
Al-Lami outlined Iraq’s dual strategy for asset recovery. The first part targets pre-2003 misappropriations, including illicit gains from the Oil-for-Food Program, sanctions evasion, economic sabotage, and smuggling. The second part focuses on funds stolen after 2003, transferred abroad through fraud and embezzlement.
Switzerland Expresses Support
Ambassador Hunn commended Iraq’s ongoing reconstruction efforts and its determination to combat corruption. He confirmed Switzerland’s willingness to cooperate in recovering stolen assets and acknowledged Iraq’s understanding of Swiss legal processes for asset restitution.
Swiss authorities, he noted, are actively working with Iraq to facilitate the return of misappropriated funds. This collaboration reflects a broader international effort to curb financial crimes and hold perpetrators accountable.
Strengthening Anti-Corruption Measures
Iraq’s appeal for greater legal cooperation highlights the country’s commitment to transparency and accountability. By working with international partners, Iraq aims to track, recover, and repurpose stolen funds for public benefit. Strengthening legal frameworks and fostering global partnerships are key steps in this process.
As Iraq continues its anti-corruption initiatives, its engagement with UNCAC member states and allies like Switzerland will play a vital role in achieving financial justice and supporting economic recovery.
