20
ALRAQABA . ISSUE 15
SAB has taken proactive steps to fight
corruption in accordance with Article 5 which
focuses on the importance of corrective
measures adopted by Supreme Audit
Institutions to combat corruption and activate its
tools. The Bureau has adopted the development
project of reviewing the rules and standards to
determine the seriousness of the procedures of
bodies subject to its control in dealing with the
financial notes and violations recorded on their
final accounts.
ARTICLE 17.
We shall take the necessary
measures to prevent the misuse of the financial
system to conceal the transfer and launder
of assets derived from corruption, including
massive amounts of assets related to crimes
that undermine the integrity of the financial
system. In addition, we are committed to the
implementation of the Convention and the
applicable international obligations assigned to
us all.
ARTICLE 18
« We shall support and reinforce
interagency cooperation at all levels to
prevent individuals, companies, legal entities,
other systems which transfer funds, as well
as unregulated or unregistered financial,
commercial or non-commercial entities that are
The Political Declaration on
Combating Corruption directs
international policies and national
strategies of countries to combat
corruption.
at risk of misuse due to corruption and money
laundering from committing or facilitating acts
of corruption. In addition, we shall support
companies and financial institutions to enhance
their use of expended resources. Moreover,
we shall take measures in accordance with
the basic principles of the national laws to
prevent the involvement of the private sector
in corruption by developing the standards and
procedures of business integrity protection,
transparency promotion and good commercial
practices in the business sector within the
contractual relations between the business
sector and countries. In compliance with
national laws and regulations, necessary
measures will be taken in issues concerning
book-keeping and disclosure of financial
statements, accounting standards and
auditing accounts.
Articles 17 and 18 encompass the strategies of
combating financial corruption and emphasize
all the classification of money laundering and
the manifestations of fraud detection. SAB
has adopted these strategies since 2006 and
manifested them in its proposal at the fifth
meeting of the Heads of the GCC Auditing and
Accounting Bureaus.
ARTICLE 20
« We believe in the importance of
raising public awareness on the existence of
corruption, its causes, dangers, disadvantages
and prevention methods. Combating
corruption can be carried out through
general media activities that discourage
leniency with corruption via educational and
training programs. We are also committed
to the establishment of balanced integrative
methodologies to support the prevalence of
the law at all levels through the complete and
effective adoption of the convention.
SAB realized the importance of the active role
of the media in the development of national
Report
the institutions and organizations to perform
counteractive procedures in compliance
with the national laws that protect the society
from corruption.
