Until 2012, offences related to bribery, misuse of authority by public officials and misuse of public funds were the subject of several laws including, but not limited to, the Penal Code (Law No. 16 of 1960), Law No. 1 of 1993 regarding the Protection of Public Funds and Law No. 30 of 1964 establishing the State Audit Bureau.
The enactment of Law No. 24 of 2012 relating to the Establishment of the Public Authority for Combating Corruption and Financial Disclosure (the “Law”) and the related Executive Regulations that were recently issued under Decree No. 77 of 2015 (the “Regulations”) introduced significant changes to the legal landscape relating to bribery and related offences.
The key highlights of the Law and Regulations are summarized below:
The original article can be found at globalcompliancenews.com