EUROPEAN INVESTMENT BANK FRAUD ANNUAL REPORT ON INCIDENTS OF FRAUD, CORRUPTION, COLLUSION, MONEY-LAUNDERING ETC

An interesting post on the always useful FCPA Blog on 8 September is concerned with the annual activity report from the EIB which focuses on what EIB calls “prohibited conduct”.  Its investigation team received 24% more allegations than in 2018, and completed 80% more cases compared to a year earlier.  Published on 16 July, the report includes a variety of internal and external case studies highlighting the different types of allegations handled by the investigators as well as the findings and lessons learned

The report itself is at –

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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