LACC, GAC sign Assets Declaration MOU

The Liberia Anti-Corruption Commission or LACC and General Auditing Commission or GAC Thursday, October 16, 2016, signed a Memorandum of Understanding to collaborate in the handling of assets declaration documents submitted by public officials of the Executive Branch of Government required to declare assets.

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

An LACC Statement issued in Monrovia following the signing ceremony at the LCC in Congo Town, outside Monrovia indicated that 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 understanding between the LACC and GAC also provides that the GAC shall, upon receipt of asset declaration documents for the Executive Branch of Government, immediately forward same 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, accordingly, pledged to maintain the highest level of confidentiality in the handling of asset declaration documents as per the MOU.