Topic: Multilateral development banks

The rise of a new MDB enforcement unit

Hogan Lovells’ Peter Spivack, Malak Hamwi and Salomé Lemasson examine the emergence of the Asian Infrastructure Investment Bank’s sanctions unit, which imposed its first debarment last year.

18 March 2021

World Bank sanctions board rejects narrow definition of agent

A Chinese company tried to argue that it didn’t have to disclose to the World Bank a third party payment. The bank’s sanctions board wasn’t convinced.

16 March 2021

Brazilian lawyer and FTI director join IDB sanctions committee

Two compliance and investigations specialists take over from arbitration lawyers on the Inter-American Development Bank’s sanctions committee, which adjudicates on contested corruption, fraud and collusion cases.

23 February 2021

IDB due process lawsuit tests development bank immunity

The Inter-American Development Bank told a Washington, DC federal court that its immunity protection means it cannot be sued for alleged due process violations.

19 February 2021

World Bank turns to external firms amid pandemic

The World Bank is one of several multilateral development banks that have recently sought external firms to carry out investigative work because of difficulties created by the pandemic.

18 February 2021

EBRD lawyer acquitted over alleged embezzlement scheme

A London court has acquitted a European Bank for Reconstruction and Development lawyer of handling potentially illicit funds.

04 February 2021

IDB faces allegations of due process failings

A Washington, DC federal lawsuit raises questions about the Inter-American Development Bank’s handling of an investigation into two individuals and a related corporate settlement.

29 January 2021

Acting head takes charge of AfDB anti-corruption unit

A senior ethics official takes temporary charge of the African Development Bank’s anti-corruption unit, with the previous head set to start his new role at the World Bank.

22 January 2021

The World Bank’s increasing focus on high-impact cases and compliance

Defence lawyers and former World Bank officials tell GIR how the Integrity Vice Presidency has changed, and where it is headed.

19 January 2021

World Bank sanctions board criticises INT corruption probe

The World Bank’s sanctions board said it is concerned that the international financial institution’s anti-corruption unit made no effort to interview a significant witness as part of an investigation into alleged bribery.

06 January 2021

Get unlimited access to all Global Investigations Review content