Skip to main content

Raising Awareness About the Crime of Foreign Bribery

Date(g): 9/11/2023 | Date(h): 26/4/1445

Effective from Nov 09 2023 - Nov 08 2023
To view other versions open the versions tab on the right

We refer to the receipt by the central bank of a letter from His Excellency the President of the Anti-Corruption Commission, No. (45/15929), dated 01/04/1445 AH, which mentions the amendment of paragraph (7) of Article (8) of the Anti-Bribery Law to include the criminalization of bribing foreign public officials in relation to international business transactions. The letter also notes the commission's work on an awareness booklet regarding issues related to foreign bribery (attached).

Therefore, and in line with the directives issued by the central bank, including those outlined in The principles of conduct and ethics in financial institutions, and given the awareness-raising potential of the aforementioned booklet regarding the seriousness of foreign bribery and ways to detect it, along with contact information for reporting such crimes, the central bank urges all financial institutions to review this booklet and benefit from its contents. Additionally, we would like to inform you of the commission's readiness to hold remote workshops to raise awareness about the content of the aforementioned booklet.