Experts discuss the challenges of tracking the illicit flow of funds

Experts discuss the challenges of tracking the illicit flow of funds
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Abou Sharif made her statement on Thursday in Riyadh during a panel session titled “Follow-the-Money Techniques to Detect Financial Crime: Potential and Challenges” at the Arab Forum of Anti-Corruption Agencies and Financial Intelligence Units. (AN Photo/ Huda Bashatah)
Experts discuss the challenges of tracking the illicit flow of funds
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Abou Sharif emphasized the role of law enforcement and the financial intelligence units (FIU) in tracing illicit funds. (AN Photo/ Huda Bashatah)
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Updated 16 May 2024
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Experts discuss the challenges of tracking the illicit flow of funds

Experts discuss the challenges of tracking the illicit flow of funds
  • Abou Sharif made her statement on Thursday in Riyadh during a panel session titled “Follow-the-Money Techniques to Detect Financial Crime: Potential and Challenges”
  • If a society is cash based, she said, it puts a strain on the tracing of funds

RIYADH: Financial inclusion is crucial to reducing challenges in tracing the illicit flow of funds, said Samya Abou Sharif, the director of Jordan’s anti-money laundering and counter-terrorist financing unit.
Abou Sharif made her statement on Thursday in Riyadh during a panel session titled “Follow-the-Money Techniques to Detect Financial Crime: Potential and Challenges” at the Arab Forum of Anti-Corruption Agencies and Financial Intelligence Units.
She emphasized the role of law enforcement and the financial intelligence units in tracing funds, the sources, transfer, and use of these funds to follow the flow of financial proceeds from criminal activities.
If a society is cash based, she said, it puts a strain on the tracing of funds “because the transactions happen outside the formal banking system.”
Therefore, Abou Sharif said, financial inclusion is crucial to encourage the opening of bank accounts, offering smooth financial services, protecting customers, and encouraging them to participate in the financial system.
“With the ongoing innovations in finance, such as the use of artificial intelligence, we need to build capacity in law enforcement in this direction, to be faster than criminals.”
Jerome Beaumont, executive secretary of the Egmont Group of Financial Intelligence Units, pointed to the creation and development of new decentralized financial spaces over the past 10 years.
“I am referring to the crypto industry and the broader concept of Web3, which encompasses cryptocurrencies. It is important to note that more than 100 new cryptocurrencies were generated and created daily at one point.”
Beaumont said we have created financial intelligence units for this new space as a reaction to these emerging platforms.
“We are now adopting and using new tools and crypto-based technologies to track transactions.”
Beaumont said that financial intelligence units face an ongoing trend: the increase in suspicious transaction reports sent by reporting entities.
“The only way to kind of bridge the gap was technology. Interestingly, a lot of those used … have been using AI, machine learning, and big data analytics.”
Maj. Gen. Abdullah Al-Zahrani, director of the General Department of Finance Investigations, Oversight and Anti-Corruption Authority, mentioned key factors for the success of the financial investigation.
“In 2023, we provided over 400 people across the Kingdom with training on financial investigations.”
Al-Zahrani said the authority has a cadre of highly trained employees working closely with the Saudi Central Bank and other authorities to combat financial crimes.
“We cooperate with our colleagues in the criminal investigation and prosecution units concerning … labor investigations, then weigh the results of these investigations to tighten the noose on criminals,” he added.
Al-Zahrani said that the authority strives greatly to determine the real beneficiary of the proceeds of the crime.
“We bear great responsibility for dealing with financial corruption as it is a very complex crime.”


MWL hosts forum to foster dialogue, promote Islamic unity

MWL will host second edition of the Global Conference for Building Bridges Between Islamic Schools of Thought and Sects in March
MWL will host second edition of the Global Conference for Building Bridges Between Islamic Schools of Thought and Sects in March
Updated 18 February 2025
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MWL hosts forum to foster dialogue, promote Islamic unity

MWL will host second edition of the Global Conference for Building Bridges Between Islamic Schools of Thought and Sects in March
  • Makkah conference will feature senior figures from various sects, denominations
  • Guide to common Islamic principles to be launched during forum

RIYADH: The Muslim World League will host the second edition of the Global Conference for Building Bridges Between Islamic Schools of Thought and Sects on March 6-7 in Makkah, Saudi Press Agency reported on Tuesday.

The conference will bring together leading muftis, scholars, intellectuals, and representatives from senior Islamic councils, jurisprudential academies, and religious institutions across different sects and denominations.

It will serve as a unified platform for fostering constructive dialogue among diverse Islamic traditions as well as coordinating efforts and resources to strengthen Islamic unity, while ensuring mutual respect for doctrinal diversity.

The forum also aims to overcome sectarian disputes that have historically led to division and conflict, and promote fraternity and cohesion through practical initiatives.

This year’s conference marks a critical step in transforming the principles outlined in the inaugural conference into actionable programs, SPA said.

Discussions will address issues such as enhancing intra-Islamic dialogue and cooperation.

A highlight of the conference will be the launch of the encyclopedia of Islamic intellectual convergence, prepared by the Center for Safeguarding Intellect.

The encyclopedia, developed with contributions from 60 Islamic scholars and thinkers, aims to serve as a comprehensive guide to common Islamic principles.


Arab countries welcome Saudi Arabia’s hosting of talks between US, Russia

Russian Foreign Minister Sergey Lavrov and US Secretary of State Marco Rubio shake hands in Riyadh. (SPA)
Russian Foreign Minister Sergey Lavrov and US Secretary of State Marco Rubio shake hands in Riyadh. (SPA)
Updated 18 February 2025
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Arab countries welcome Saudi Arabia’s hosting of talks between US, Russia

Russian Foreign Minister Sergey Lavrov and US Secretary of State Marco Rubio shake hands in Riyadh. (SPA)
  • Russia, US agree to start working toward ending conflict in Ukraine

RIYADH: Arab countries on Tuesday welcomed Saudi efforts to host talks in Riyadh between the US and Russia on the Ukraine conflict.

Russia and the US agreed to start working toward ending the conflict in Ukraine and improving their diplomatic and economic ties, the two countries’ top diplomats said after the talks.

The UAE expressed “hope that the talks will serve as a significant step towards bridging differences, fostering communication and advancing dialogue to bring an end to the nearly three-year-long conflict,” the Emirates News Agency reported.

Its Ministry of Foreign Affairs commended the efforts of Saudi Arabia in hosting the talks “which reflect the Kingdom’s commitment to supporting international peace efforts, and achieving global stability and prosperity.”

The ministry reaffirmed the UAE’s commitment to supporting peaceful resolutions to conflicts and promoting international cooperation in addressing global challenges.

Majed Al-Ansari, the spokesperson for Qatar’s Ministry of Foreign Affairs, welcomed Saudi efforts to lead the talks that “will hopefully result in peace in a struggle that has gone on for a very long time.”

Al-Ansari added: “We have called from day one for both parties to engage in a peaceful resolution of this war. This war has had huge humanitarian costs and great geopolitical (and) economic impact globally.”

Kuwait’s Foreign Ministry also welcomed the talks and expressed the hope that they would “lead to achieving their desired goals in enhancing security and stability in the world.”

Sufyan Qudah, Jordan’s Foreign Ministry spokesperson, commended Saudi Arabia for its pivotal role in hosting the talks and said they highlighted the Kingdom’s continuous efforts to foster comprehensive and just peace worldwide.

The Palestinian presidency said the talks were a culmination of the wise policy pursued by Saudi Arabia’s leadership, adding that it was “a policy that fosters regional and international stability and affirms Riyadh’s commitment to its effective role in achieving peace and security.”


Manga exhibition in Jeddah explores evolution of Japanese artform

Manga exhibition in Jeddah explores evolution of Japanese artform
Updated 18 February 2025
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Manga exhibition in Jeddah explores evolution of Japanese artform

Manga exhibition in Jeddah explores evolution of Japanese artform
  • Event strengthens bonds of friendship, cooperation between Kingdom and Japan, says consul-general

JEDDAH: As Saudi Arabia and Japan celebrate 70 years of diplomatic relations, the Consulate-General of Japan in Jeddah is marking the milestone with Manga Hokusai Manga, a three-week art exhibition running until March 8.

Organized in collaboration with the Jeddah Historical Development Project and the Japan Foundation, the exhibition explores the evolution of Japanese manga from the 19th-century works of ukiyo-e master Katsushika Hokusai to the modern format that has gained widespread popularity in the Kingdom.

‘Futatasumakura,’ 1981 by Hinao Sugiura. (AN photos/Supplied)

Hosted at Bait Amir Bahar in Al-Balad, one of Jeddah’s historic homes, the exhibition highlights both the similarities and contrasts between the artistic styles while showcasing the cultural depth of Japanese storytelling.

Rather than simply focusing on how Hokusai’s work influenced manga, the exhibition invites visitors to compare both styles and understand what makes them unique. It examines themes such as visual storytelling, artistic techniques and cultural participation across different eras.

HIGHLIGHT

The exhibition in Jeddah explores the evolution of Japanese manga from the 19th-century works of ukiyo-e master Katsushika Hokusai to the modern format that has gained widespread popularity in the Kingdom.

Hokusai’s manga drawings, while sometimes resembling cartoons, encompass a wide variety of subjects, from nature to human expressions and everyday life. Unlike modern comics, his work was not centered on humor but balanced artistic instruction with entertainment — much like how manga today combines storytelling with visual artistry.

‘Portrait of Hokuai,’ 2015, by Sawa Sakura. (AN photos/Supplied)

Hokusai created his manga using woodblock printing, transferring the images onto paper in three primary colors: Black, gray and pale peach. The collection, comprising 4,000 illustrations across almost 800 pages, was published between 1814 and 1878 in 15 volumes bound with string.

The phrase denshin kaishu, which precedes the title, translates to “transmitting the spirit and learning the craft,” highlighting the collection’s educational purpose.

Hosted at Bait Amir Bahar in Al-Balad, one of Jeddah’s historic homes, the Manga Hokusai Manga exhibition showcases the cultural depth of Japanese storytelling. (AN photos/Supplied)

Hokusai Manga was originally used as a reference book for aspiring artists, much like today’s “How to Draw Manga” guides. Similar to modern fan-made manga, his work encouraged learning, copying and artistic experimentation.

In an exclusive interview with Arab News, Daisuke Yamamoto, the consul-general of Japan in Jeddah, described Hokusai as one of Japan’s greatest artists, modernizing traditional print styles through innovations in subject matter and composition.

Daisuke Yamamoto, Consul-general of Japan in Jeddah

“Hokusai transformed the ukiyo-e genre traditionally focused on images of fleeting pleasures — by shifting its emphasis from people to landscapes and the changing seasons,” Yamamoto said. “His print designs invited audiences to witness nature’s transience, capturing birds in flight, flowers in bloom and water in motion. Through his work, he blended an acute awareness of the fleeting with a deep appreciation for the timeless.”

According to an official statement, Hokusai’s work captured Japan’s diverse landscapes, portraying scenes and activities connected by shared symbols and narratives. He was among the first artists to both shape and be shaped by globalization, drawing from international influences and later inspiring European artists who adopted his decorative motifs, serialized compositions and vision of contemporary society. To this day, countless artists continue to engage with his legacy.

(This exhibition) provides an opportunity for a wide range of people to know about each other’s culture, which will be reflected in the future in their understanding of each other and facilitate all other aspects of cooperation.

Daisuke Yamamoto, Consul-general of Japan in Jeddah

Reflecting on the exhibition’s significance, Yamamoto highlighted its role in strengthening cultural ties between Saudi Arabia and Japan: “Holding this exhibition and other cultural events basically confirmed the excellent cultural cooperation between Japan and Saudi Arabia, and strengthens the bonds of friendship and cooperation, and provides an opportunity for a wide range of people to know about each other’s culture, which will be reflected in the future in their understanding of each other and facilitate all other aspects of cooperation.”

Hokusai’s manga drawings, while sometimes resembling cartoons, encompass a wide variety of subjects, from nature to human expressions and everyday life. (AN photos/Supplied)

Since the 1970s, Hokusai himself has appeared as a character in manga, reimagined by various artists in styles ranging from realistic portrayals to fantastical interpretations. This reflects manga’s evolution, blending historical figures with contemporary storytelling techniques.

Ukiyo-e, the popular art of the 18th and 19th centuries, foreshadowed comic techniques such as visualizing the invisible. However, its speech-like balloons often depicted dreams rather than dialogue, and weather lines were integrated into the scene rather than used as abstract symbols.

Hosted at Bait Amir Bahar in Al-Balad, one of Jeddah’s historic homes, the Manga Hokusai Manga exhibition showcases the cultural depth of Japanese storytelling. (AN photos/Supplied)

Hokusai’s most popular collection of printed drawings was named “manga.” While the collection is primarily known for its diverse subjects and painting style, its frequent portrayal of exaggerated expressions and acrobatic scenes has led many to associate “manga” with cartoons or humorous images.

When compared to the work of his contemporary, Utagawa Kuniyoshi, it becomes clear that Hokusai’s manga images were not necessarily intended to be funny.

In 19th-century Japan, the success of Hokusai’s manga was rooted in the balance between the mundane and the whimsical, instruction and entertainment. This blend helped secure the collection’s lasting appeal.

Today’s Japanese comics share similarities in content, particularly in their focus on capturing movement, and in their wide circulation, thanks to advancements in reproduction technology.

 


Saudi Arabia’s Nusuk app expands services for pilgrims

Saudi Arabia’s Nusuk app expands services for pilgrims
Updated 18 February 2025
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Saudi Arabia’s Nusuk app expands services for pilgrims

Saudi Arabia’s Nusuk app expands services for pilgrims
  • The Nusuk app serves visitors from over 100 countries in 10 languages, offering more than 120 services to facilitate their arrival and experience

MAKKAH: The Nusuk app, the official guide for pilgrims visiting the holy sites, has introduced new services to enhance the visitor experience, the Saudi Press Agency reported.

The updates include features that allow users to explore unique historical destinations, a tasbih service, a Hisnul Muslim guide for daily prayers and supplications, and Haramain Qur’anic recitations.

Additionally, the app offers awareness cards, interactive maps, an event calendar, and a comprehensive digital guide with multilingual instructions.

It also provides health information and services. Moreover, service providers can showcase their offerings electronically to Umrah pilgrims and visitors, according to the SPA.

The Nusuk app serves visitors from over 100 countries in 10 languages, offering more than 120 services to facilitate their arrival and experience.

Integrated with 25 government bodies and 10 business sector entities, the app aligns with the Kingdom’s digital transformation efforts to enhance technology use.

 


Saudi leadership congratulates Jordan king after successful surgery

Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman. (File/SPA)
Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman. (File/SPA)
Updated 18 February 2025
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Saudi leadership congratulates Jordan king after successful surgery

Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman. (File/SPA)
  • King Abdullah left hospital on Tuesday after undergoing minor surgery
  • The 63-year-old monarch was admitted earlier in the day for an incisional hernia at King Hussein Medical City

RIYADH: Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman sent cables of congratulations on Tuesday to Jordan’s King Abdullah after he underwent minor surgery.

In separate cables, the king and crown prince prayed for the Jordanian monarch’s health and happiness. 

King Abdullah left hospital on Tuesday after undergoing minor surgery, the Jordanian royal palace said.

The 63-year-old monarch was admitted earlier in the day for an incisional hernia at the country’s King Hussein Medical City.

He is set to resume his working schedule on Wednesday, according to the royal palace.