Unlawful financial disclosures lead to over 70 cases handed to the office of the public prosecutor
In a bid to uphold transparency and prevent illicit gain, the Public Anti-Corruption Authority (Nazaha) in Saudi Arabia has been rigorously enforcing financial disclosure requirements. The regulations, outlined in Law No. 2 of 2016, as amended by Decree-Law No. 69 of 2025, have been meticulously followed by officials, with penalties and legal accountability looming for those who fail to comply.
Declarations are made according to specific procedures set by the executive regulations. Officials, whether already in service or newly appointed, must file their financial disclosure statements within six months of the law's implementation or 60 days of their appointment. Subsequently, updates must be filed every three years within 60 days of the term's anniversary.
Upon leaving office, a final declaration must be submitted within 90 days. The form, content, and review of these financial disclosures are governed by the executive regulations. Examination committees, established based on job levels and approved by the Supreme Judicial Council, oversee these reviews.
These committees, which may include members of the judiciary and Public Prosecution, scrutinize disclosures and take further action if suspicions of illicit gain arise. For instance, the Chairman and members of Nazaha's Board of Trustees submit their disclosures to the Chairman of the Supreme Judicial Council. In other cases, the disclosures of a committee of judges are reviewed, and if necessary, they are referred to the Public Prosecution.
Nazaha has made it clear that adhering to the deadlines established by law is crucial to avoid legal accountability and penalties. The authority has recently referred over 70 individuals to the Public Prosecution for not submitting their financial disclosure statements on time. This referral is part of Nazaha's periodic follow-up of cases covered by the financial disclosure provisions under the aforementioned laws.
It is the responsibility of the Saudi Commission for Auditing and Accounting Monitoring to monitor the submission of financial statements not filed within the legally prescribed deadlines, as announced by the Anti-Corruption Authority Nazaha. Compliance with these financial disclosure requirements is a legal obligation aimed at ensuring transparency and preventing illicit gain.
In conclusion, the enforcement of financial disclosure requirements by Nazaha is a significant step towards maintaining transparency and preventing corruption in Saudi Arabia. Officials are reminded to adhere strictly to the deadlines and procedures outlined in the regulations to avoid any legal implications.
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