March 16, 2026
In our latest white paper, Driving Transparency and Accountability: Saudi Arabia’s Expanding Reach in Enforcement and Disclosure, Managing Director Ralph Stobwasser and Director Tarek Bleik examine Saudi Arabia’s expanding enforcement activity and evolving transparency framework. The paper analyses the Kingdom’s approach to anti-corruption enforcement and financial transparency as part of its broader governance transformation under Vision 2030.
This publication forms part of our Saudi Arabia anti-corruption and transparency series, which tracks enforcement activity and regulatory developments across the Kingdom. Earlier papers in the series include Integrity and Accountability: Anti-Corruption Enforcement in Saudi Arabia (January 2025) and Mid-Year 2025 Update: Nazaha’s Progress in the Fight Against Corruption (September 2025).
The latest report provides a data-led overview of the Oversight and Anti-Corruption Authority (Nazaha)’s reported activities in 2025, including trends in inspections, investigations and arrests across key government sectors. It also examines the wider economic-crime control framework developing in Saudi Arabia, including new counter-fraud expectations, beneficial ownership transparency, and evolving disclosure standards as capital markets open further to foreign investors.
If you would like to discuss any of the issues raised in this paper, please get in touch with our team.
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Eric Poer, a Managing Director in Secretariat’s Global Investigations & Disputes practice, led a forensic accounting team retained on behalf of Lehman Brothers’ unsecured creditors in connection with one of the largest bankruptcies in U.S. history.
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