UNODC, MSAD and the EU Launch a 2.5 million Euro Project to Combat Corruption and Money Laundering and to Foster Asset Recovery in Egypt
Cairo, 27 September 2011
A three-year, 2.5 million Euro UNODC technical assistance project, " Supporting Measures to Combat Corruption and Money Laundering and to Foster Asset Recovery in Egypt" was launched today at the Egyptian Ministry of State for Administrative Development (MSAD), with the presence of Dr. Ashraf Abdel Wahab, Delegate Minister of State for Administrative Development, Mr. Marc Franco, Ambassador of the EU Delegation to Egypt, and Mr. Mohamed Abdul-Aziz, UNODC Regional Representative for the Middle East and North Africa.
The project is a joint initiative between UNODC, the European Union and MSAD. It aims to establish an effective mechanism to combat corruption and money laundering in Egypt, to foster asset recovery procedures, as well as to ensure a solid framework for the implementation of the United Nations Convention against Corruption.
Fulfilling the aspirations of the Egyptian people to eradicate corruption following the 25 January Revolution, the project will, through a series of key activities, support efforts to combat corruption and money laundering, strengthen national capacities to ensure asset recovery and promote transparency and good governance initiatives, involving all key national stakeholders.
The project includes developing a national anti-corruption strategy, strengthening the national legal framework on anti-corruption, anti-money laundering and asset recovery, building institutional capacity to combat corruption and money laundering and to recover stolen assets and raising public awareness on the negative effects of corruption and money laundering.
This cooperation project between the Ministry, the European Union and UNODC stems from the role and initiatives of the Ministry in fighting corruption, and its vital role in cooperating with various national stakeholders to build capacity and promote transparency through the modernization of the administrative apparatus of the country.