Financial Crime World

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Reporting Financial Crimes in Marshall Islands: Procedures and Guidelines

Introduction

The Republic of Marshall Islands has established a framework for reporting financial crimes, ensuring that individuals can come forward with information about suspicious transactions or other illicit activities without fear of retribution.

Encouraging Whistleblowers

According to Article 17 of the Marshall Islands Revised Code, ethics in government are paramount. Any individual who witnesses or suspects financial misconduct is encouraged to report it to the relevant authorities.

The Role of the Auditor-General’s Office

The Auditor-General’s Office is responsible for investigating allegations of financial impropriety. They have the power to:

  • Subpoena documents: Request documents related to an investigation
  • Interview individuals: Speak with witnesses or suspects as part of their inquiry
  • Submit regular reports: Provide updates on findings and recommendations to the Nitijela, the country’s parliament

Duties and Responsibilities of the Auditor-General

Under Article 9 of the Revised Code, the Auditor-General has a duty to:

  • Ensure proper use of government funds: Verify that all government funds are used in accordance with law
  • Manage public resources transparently: Ensure that public resources are managed in a transparent and accountable manner
  • Investigate allegations of corruption or mismanagement: Look into claims of financial misconduct within government agencies

Reporting Financial Crimes

To report a suspected financial crime in Marshall Islands, individuals can:

  • Contact the Auditor-General’s Office directly: Reach out to the office through their designated channels
  • Submit a written complaint to the Nitijela: Provide detailed information about the suspected crime in writing

Confidentiality and Investigation

All reports will be treated confidentially and investigated thoroughly to determine their validity. The Marshall Islands government is committed to promoting transparency and accountability in public finance, and encourages anyone with information about financial crimes to come forward and report it to the relevant authorities.