News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
The World Bank debarred 267 firms and individuals last year, including cross debarments, in a big jump from prior years. … Continue Reading
Like the integrity and investigation functions at five other Multilateral Investment Banks (World Bank, EBRD, Inter-American Development Bank, African Development Bank, and Asian Development Bank), the European Investment Bank’s Fraud Investigation team prepares and publishes an annual activity report describing its work to prevent, deter, investigate and remediate fraud and corruption.… Continue Reading
Governments and international financial institutions (IFIs) are stepping up to respond to the public health and economic crisis caused by Covid-19. For its part, the World Bank Group (WBG) has approved billions of dollars in financing to support countries in their efforts against the pandemic.… Continue Reading
International financial institutions, like the World Bank, play an increasingly important role in confronting companies and individuals who revert to unethical and unlawful conduct to gain a competitive advantage in the marketplace.… Continue Reading
For about three years now, the world has witnessed an historic anti-corruption campaign in China. Sure, it’s political in no small part, a tool that President Xi Jinping has used to control his enemies.… Continue Reading
Kellogg Brown & Root LLC, Technip S.A., and JGC Corp. agreed to pay $17 million in penalties in a settlement with the African Development Bank (ADB) for corrupt practices by affiliated companies in connection with contracts for liquefied natural gas production plants on Bonny Island, Nigeria from 1995 until 2004.… Continue Reading
The Asia Development Bank said in its annual report this week that it imposed sanctions on 42 firms in 2012 and 38 individuals.
The debarments resulted from 240 formal complaints and 114 new investigations.… Continue Reading
The Asian Development Bank debarred 34 individuals last year, and 31 firms. Debarment means they’re ineligible to participate in ADB-financed, administered, or supported activities.
The ADB also cross debarred 37 firms and 12 individuals under mutual debarment agreements with the European Bank for Reconstruction and Development, the Inter-American Development Bank, and the World Bank.… Continue Reading