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 Group announced the appointment of Pascale Helene Dubois as Vice President for Integrity.
Dubois most recently served as as the World Bank’s Chief Suspension and Debarment Officer.
The Integrity Vice Presidency is an independent unit within the World Bank Group.… Continue Reading
The World Bank Group debarred Minh Anh Construction Joint Stock Company for misrepresenting facts during a project bid in Vietnam.
Under a Negotiated Resolution Agreement announced last week, the company won’t be eligible for any World Bank-financed contracts for fourteen months.… Continue Reading
The World Bank and other multilateral development banks (MDBs) fund more than $117 billion in projects each year. While not regulators, they have unique powers to investigate and punish companies for misconduct, like fraud and corruption, in the projects they finance.… Continue Reading
We commonly track the financial penalties levied for foreign bribery violations. But the most devastating loss can be in dollars not yet earned because of suspension and debarment.
On December 16, thought leaders representatives from the U.S.… Continue Reading
Over the last year, we have reached several noteworthy milestones in the global fight against corruption. In the arena of fighting corruption in international development, two important milestones stand out as having paved the way for significant progress and in setting us on a course for our continued success in reducing the impact of corruption on the poor.… Continue Reading
Within the network of investigators and prosecutors from over 130 countries known as the World Bank International Corruption Hunters Alliance, we feel optimistic about all that is happening to support our mission of ensuring that every development dollar is spent with integrity.… Continue Reading
World Bank Group President Jim Yong Kim recalls the question Paul Volcker posed to a group of anti-corruption leaders assembled in Washington, D.C.: “If the World Bank doesn’t take the lead against corruption, who else is going to do it?”… Continue Reading