Unlawful financial disclosure infractions lead to over 70 cases being handed to the public prosecution office.
In a bid to ensure transparency and prevent illicit gain, the Public Anti-Corruption Authority (Nazaha) in Saudi Arabia has been vigilantly enforcing the financial disclosure requirements outlined in Law No. 2 of 2016.
According to Al Jarida news magazine, the authority responsible for overseeing the examination of financial declarations submitted by official persons is Nazaha. The regulations set strict deadlines for these disclosures. Those already in service when the regulations took effect have six months to submit their first declaration, while newly appointed officials have 60 days.
Upon submission, the declarations are received according to specific procedures set by the executive regulations. Examination committees, established in line with job levels, review these declarations. These committees may include members of the judiciary and Public Prosecution, with the approval of the Supreme Judicial Council.
The executive regulations also outline the form, content, and review of financial disclosures. These committees are tasked with scrutinizing the disclosures and taking further action if suspicions of illicit gain arise.
Compliance with these financial disclosure requirements is a legal obligation. Nazaha has emphasized the importance of adhering to the deadlines established by law to avoid legal accountability and penalties.
Officials must update their financial disclosure statements every three years within 60 days of the term's anniversary. A final declaration must be submitted within 90 days of leaving office.
Recent actions by Nazaha highlight the importance of these regulations. The authority has referred over 70 individuals to the Public Prosecution for not submitting their financial disclosure statements on time.
The law's executive regulations define financial disclosure requirements, and Nazaha's periodic follow-up of cases covered by the financial disclosure provisions under Law No. 2 of 2016, as amended by Decree-Law No. 69 of 2025, is part of this ongoing effort to maintain transparency and combat corruption in Saudi Arabia.
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