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 early identification of fraud risks or vulnerabilities in projects is a major concern of investors and international financial institutions. The European Investment Bank (EIB) undertakes Proactive Integrity Reviews (PIRs) to identify such potential vulnerabilities and major fraud risks in EIB-funded operations and projects.… Continue Reading
The European Investment Bank and GE Steam Power have reached an agreement regarding historical cases of prohibited conduct by various Alstom Steam Power companies, in particular, Alstom Power Systems S.A (France), Alstom Power Systems GmbH (Germany), and Alstom Hrvatska d.o.o… Continue Reading
The European Investment Bank’s Investigations Division (IG/IN) is mandated to investigate allegations of “Prohibited Conduct” involving EIB Group-financed operations and activities, or allegedly involving members of governing bodies or staff. The IG/IN team include former prosecutors and former law enforcement personnel, forensic accountants, and lawyers.… 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
Part of the European Investment Bank’s Guide to Procurement is the Covenant of Integrity at Annex 3. The EIB requires any company bidding in a project’s procurement process (e.g., for a construction contract or the supply of goods/services) to submit a Covenant of Integrity.… Continue Reading
The European Investment Bank’s Inspectorate General Investigation Division started conducting Proactive Integrity Reviews (PIRs) in 2010, with the main objective to identify potential vulnerabilities and major fraud risks of EIB-funded operations and projects.… Continue Reading
The European Investment Bank (EIB) recently published its Fraud Investigations Activity Report for 2018, reflecting the EIB’s ”zero tolerance” to fraud and corruption (and other Prohibited Conduct) that’s defined in the Bank’s Anti-Fraud Policy.… Continue Reading
Following the participation of the European Investment Bank (EIB), represented by the Inspector General, Jan Willem van der Kaaij, in the 2018 International Anti-Corruption Conference, which took place in Copenhagen, Denmark in October 2018, the EIB has since adopted and published an Anti-Corruption Statement.… Continue Reading
The European Investment Bank recently published its updated Exclusion Policy. The Policy reflects the EIB’s ”zero tolerance” to fraud and corruption that’s set out in the Bank’s Anti-Fraud Policy.… Continue Reading