Asset Disclosure

العربية
Русский

Income and asset disclosures by public officials, now mandated in some 160 countries, can play a key role in investigations of corruption and public accountability. By definition, these filings don’t reveal hidden wealth, but they can be catalysts for research. The unveiling of false statements by officials has at times led to political scandals. Disclosure legislation generally requires that a specific range of public officials (such as members of parliament, heads of state, and cabinet members) declare their financial and business interests. The laws vary greatly in the detail required, how frequently the reporting must occur, whether they apply to more than federal officials and whether compliance is monitored.