ALRAQABA . ISSUE 20 33 The Kuwaiti legislature sets out the acts counted as money laundering in Article 2 of Law No. 106 of 2013 on Anti-Money Laundering and Combating the Financing of Terrorism (AML/ CFT). This Article stipulates that “Anyone who knows that the funds are proceeds of a crime and deliberately transfers, moves, or replaces them for the purpose of concealing or disguising the illicit source of those funds, or concealing or disguising the true nature, source, or location of the funds shall be considered a perpetrator of the crime of money laundering”. Having addressed the concept of fraud, corruption, and money laundering, I will address next the standards and guides issued by international bodies on combating corruption and fraud as follows: Second: Standards and guides issued by international bodies on combating corruption and fraud There have been many international standards and guides issued on combating corruption because of their significant and effective role for SAI auditors in dealing with cases of fraud and corruption. I will mention the following as examples: 1. ASOSAI Guidelines for Dealing with Fraud and Corruption: This publication is one of the most important guidelines issued on fraud and corruption. It is issued by the Asian Organization of Supreme Audit Institutions (ASOSAI) and includes 30 specific audit guidelines on dealing with fraud and corruption. 2. INTOSAI Guidance on Auditing Institutional Frameworks for Fighting Corruption: This guideline provides support for SAIs in conducting ISSAI-based performance audits for the anti-corruption institutional frameworks. The scope of the guideline contains methods to support performance auditing, quality assurance, how to prepare audit reports, and preventive aspects of anti-corruption. 3. ISSAI 5700 - Guideline for the Audit of Corruption Prevention: This guideline has been prepared to assist SAI auditors in preparing and implementing audits related to anti-corruption policies and procedures in government institutions within the scope of their mandate. It highlights anti-corruption policies and procedures in these institutions, which the auditor can use as audit tools. This guideline can also be used by auditees (such as ministries, government institutions, and others) to carry out their anti-corruption activities. Supreme Audit Institutions that do not have the mandate to conduct performance audits can use this guideline for internal purposes. Perspective Audit
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