Muhammad Abdullah, the Chief Auditor at the Department of Receiving Financial Disclosure Statements and Monitoring Databases within the Public Authority for Combating Corruption, known as “Nazaha,” provided an update on the status of financial disclosure statements as of August 31, 2023.
He stated that a total of 36,218 financial disclosure statements have been received, accounting for 99.6% of the required submissions, reports Al-Anba daily.
Within these declarations, 17,642 were initial disclosures related to assuming job positions subject to financial disclosure requirements. Additionally, the Authority received 12,787 updates for declarations that were three years old. Furthermore, 5,789 final declarations were submitted concerning the cessation of job positions by financial disclosure requirements.
In a statement to the daily, Abdullah urged applicants to inquire about their legal deadlines for submission. He explained that this information can be accessed through the official Nazaha website (Nazaha.gov.kw) under the financial disclosure option, where users can select the inquiry option to check their submission deadlines.
Alternatively, inquiries can be made via the Sahel platform by accessing services, choosing the Public Authority for Anti-Corruption “Nazaha,” and selecting the financial disclosure statements – financial disclosure appointment service.
Regarding the process of completing and submitting the declaration, Abdullah stressed the importance of printing and filling out the financial disclosure form available on the Authority’s website before presenting it in person at the Nazaha headquarters in Shamiya.
Abdullah clarified that the financial disclosure statement is a comprehensive system through which individuals and their minor children are required to disclose their financial assets, including cash, real estate, movable assets both inside and outside Kuwait.
This declaration also encompasses agencies or authorizations that have a financial impact issued by the individual to others or received by third parties in their favor, as well as usufruct rights. These disclosures are submitted using dedicated forms provided by the Authority.
He highlighted that the submission of financial disclosure is mandatory for specific job categories as defined in Article (2) of Law No. (2) of 2016, which established the Public Authority for Combating Corruption and outlined provisions for financial disclosure.
These categories encompass individuals within the executive, legislative, and judicial branches of government, as well as leaders and department heads in government bodies and public institutions. It also includes various other roles such as members of cooperative society boards, sports organization officials, and representatives of the state on the boards of companies where the state holds a direct share of at least 25% of the capital.
Abdullah detailed the three types of declarations that can be submitted: the first declaration, required within 60 days from obtaining the subject’s status; the updated declaration, to be submitted within 60 days after every three years; and the final declaration, which should be filed within 90 days from leaving the subject position.
He emphasized that failing to submit a financial disclosure statement within the specified timeframe can result in penalties as per the law. In such cases, the violation is referred to the appropriate inspection committee to ascertain financial liability. Abdullah added that legal penalties are established for incomplete or inaccurate declarations, submitted knowingly, or if the subject fails to submit a declaration for individuals under their guardianship despite prior warnings.
Read Today's News TODAY... on our Telegram Channel click here to join and receive all the latest updates t.me/thetimeskuwait
