Minister of Justice Sheikh Abdullah bin Mohammed Al Al-Sheikh
highlighted here on Thursday the continuous efforts of the Kingdom of
Saudi Arabia in combating increasing economic crimes that directly or
indirectly affect national economies.
In a speech delivered at the opening ceremony of Monaco’s 11th
International Conference for combating economic crimes, Al Alsheikh
explained that the Kingdom was cooperating with other countries in
maintaining economic processes nationally, regionally and
Acting on the principles of the Islamic Sharia, the Kingdom aims to
combat economic crime in concert with other like agencies, to protect
economies, to take care of developmental projects and fight those who
are playing with the common interests of countries, he added.
Al Alsheikh noted that the Kingdom of Saudi Arabia, a signatory in
Italy last year of the International Agreement for Combating Organized
Crime across Borders, looks forward to implementing strictly the
articles of that Agreement. He added that the Kingdom has taken the
necessary and precautionary measures to protect its national economy,
including the imposition of punishments such as jail, fines and
confiscation against those who commit economic crimes.
The Minister of Justice highlighted the Kingdom’s international
participation in combating economic crimes, notably money laundering.
Dr Al-Athel said the Kingdom of Saudi Arabia issued the patents
system for invention more than 12 years ago and KACST had undertaken
the task of granting patents in conformity with the approved system.
He noted that KACST had been working to organize and protect the
rights of inventors.