LACC, GAC Sign MOU on Assets Declaration

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The Liberia Anti-Corruption Commission (LACC) and the General Auditing Commission (GAC) on October 6 signed a Memorandum of Understanding (MOU) to collaborate in the handling of assets declaration documents submitted by public officials of the Executive Branch of government who are required to declare their assets.

The MoU was signed by the respective heads of the LACC and GAC, Cllr. James N. Verdier and Madam Yusador S. Gaye, who pledged their commitment to its full implementation. They expressed optimism for similar collaborations with other institutions in the fight against corruption.

In keeping with the MoU, the GAC designates the LACC as its authorized agent to receive Asset Declaration documents on its behalf as mandated by the 2014 Act of the Legislature Prescribing a National Code of Conduct.

The MoU also provides that the GAC shall, upon receipt of asset declaration documents for the Executive Branch of government, immediately forward those declarations to the LACC for inclusion in its data base in furtherance of the spirit and intent of the MoU.

In order to ease filing, the LACC shall establish electronic points for filing with copies forwarded to the GAC. The two institutions have accordingly pledged to maintain the highest level of confidentiality in the handling of asset declaration documents in keeping with the MoU, a press release said on Thursday.

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