EUROPEAN INVESTMENT BANK’S 2020 FRAUD INVESTIGATION ACTIVITY REPORT

On 12 August, a post on the FCPA Blog was concerned with the release of this report, saying that it is a useful compliance tool.  It explains that the 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.  The Report is prepared every year and is published for the benefit of EIB staff and interested external parties, in part to raise awareness of fraud and corruption risk in the activities the EIB finances.  The post identifies highlights of the work of the EIB’s Investigations Division during 2020, the report including a number of useful case studies.

https://fcpablog.com/2021/08/12/the-european-investment-banks-2020-fraud-investigation-activity-report-is-an-important-compliance-resource/

https://www.eib.org/en/publications/fraud-investigations-activity-report-2020

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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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