Mohammed bin Rashid amends provisions of law on establishment of Financial Audit Authority in Dubai

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has issued Law No. (24) of 2024, amending definite provisions of Law No. (4) of 2018 pertaining to the constitution of the Financial Audit Authority.

In the caller Law, Articles (34), (35), and (36) of the archetypal instrumentality person been replaced with caller provisions regarding the probe of violations and the imposition of disciplinary penalties connected offending employees, arsenic good arsenic the constitution of a grievance committee.

The amended Article (34) of Law No. (24) of 2024 grants the Director-General of the Financial Audit Authority the authorization to instrumentality respective actions against employees to code misconduct, including suspending them, confiscating applicable documents, oregon dismissing investigations if they are unfounded oregon deficiency evidence. Minor violations tin beryllium dismissed with disciplinary actions alternatively of prosecution. If a transgression offence is confirmed, the lawsuit indispensable beryllium referred to the Dubai Public Prosecution. Travel bans and plus freezes tin past up to 3 months and whitethorn beryllium extended if necessary. Appeals tin beryllium made aft 3 months unless there’s a valid crushed to entreaty sooner. A colony tin beryllium reached if the misappropriated funds and profits are recovered, which would adjacent the probe without prosecution but inactive let for disciplinary actions.

Article (35) of the amended instrumentality empowers the Director-General of the Financial Audit Authority to measure whether disciplinary penalties imposed connected employees are commensurate with the gravity of the violation. If deemed appropriate, the Authority notifies the entity to o.k. the penalty; if not, the Director-General whitethorn petition a stricter penalty, with the updated determination owed to the Authority wrong 7 days. Non-compliance results successful referral to the Central Violations Committee.

Furthermore, the amended Article (35) besides establishes the autarkic Central Violations Committee, composed of 3 members appointed by the Authority’s Director-General, to reappraisal cases wherever entities neglect to comply with punishment adjustments and to code violations by elder officials. The Committee tin uphold, increase, oregon disregard penalties based connected evidence. Both employees and elder officials tin entreaty the Committee’s decisions wrong 15 days by submitting a grievance to the Grievances Committee arsenic stipulated by law.

As per the amended Article (36), a imperishable ‘Grievances Committee’ volition beryllium established wrong the Financial Audit Authority, appointed by the Authority's Director-General. The committee consists of a chairperson, a CEO from a authorities entity, and representatives from the Authority and the Supreme Legislation Committee.

The committee reviews grievances from employees and officials facing disciplinary penalties from the Central Violations Committee and addresses their objections. The chairperson of the committee volition specify the committee's procedures and powers. Decisions made by the Grievances Committee are last and cannot beryllium appealed administratively, but appellants whitethorn question judicial recourse.

The caller Law is effectual from the day of its issuance and volition beryllium published successful the Official Gazette.

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