The prior post described the World Bank’s procedures for handling allegations of fraud in Bank-financed projects. This post looks at the types of evidence and mitigating factors that can be part of a decision to impose sanctions.… Continue Reading
Posts Tagged: World Bank Group’s Integrity Compliance Guidelines
While much attention is paid to the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act, an array of other anti-corruption laws apply to multinational companies.
For example, the so-called “BRIC” countries — Brazil, Russia, India and China — all recently enacted, and have begun taking initial steps to enforce, more stringent anti-corruption laws.… Continue Reading