Nov. 24, Manama (BNA): Today marked the opening of the National Forum on Strengthening Capabilities to Combat Organized Fraud, which was organized by the Public Prosecution in collaboration with the Judicial and Legal Studies Institute and the United Nations Office on Drugs and Crime (UNODC).
National Forum on Strengthening Capabilities to Combat Organised Fraud kicks off with wide participation
Attorney General Dr. Ali bin Fadhl Al Buainain and Shaikh Khalid bin Ali bin Abdulla Al Khalifa, President of the Court of Cassation and Deputy Chairman of the Supreme Judicial Council, were present during the inauguration.
Judges, public prosecutors, judicial officers from the Financial Intelligence National Center (FINC), the Ministry of Interior’s General Directorate of Anti-Corruption, Economic and Electronic Security, employees of the Central Bank of Bahrain, and representatives from other banks and financial organizations are all present at the two-day forum.
Dr. Al Buainain emphasized the detrimental effects of fraud on people, the economy, and investor trust. He pointed out that the emergence of organized, cross-border, and technologically sophisticated fraud necessitates a thorough grasp of international countermeasures as well as the most recent legal and security techniques for both domestic and international investigation, evidence gathering, and prosecution.
He continued by saying that the Public Prosecution and other pertinent authorities have important duties in preserving the nation’s financial resources and defending people’s rights. These duties necessitate enhancing performance through forums like this one and looking for workable answers to problems that authorities encounter in order to improve their capacity to fight financial crimes.
Sessions on organized and electronic fraud, emerging fraud patterns, best judicial and security practices, the role of banks and financial institutions in prevention, technical capabilities for monitoring suspicious activity and gathering evidence, international cooperation to track cross-border fraud, and mechanisms to reduce these crimes are all included in the forum.
