MULTILATERAL DEVELOPMENT BANK INVESTIGATIONS, SANCTIONS PROCEEDINGS AND DEBARMENT

On 3 August, Out-Law published an introduction to multilateral development banks (MDB), such as the World Bank.  It is said that play an increasingly prominent role in policing fraud, corruption, collusion and other forms of corporate misconduct.  They carry out many investigations each year that regularly result in action being taken against companies.  Companies that borrow from MDBs or work on MDB-funded projects as contractors or otherwise need to understand how the integrity units work and what the consequences of investigations and so-called sanctions proceedings are to avoid potentially commercially crippling consequences such as debarment.

https://www.pinsentmasons.com/out-law/analysis/multilateral-development-bank-investigations-sanctions-proceedings-debarment-introduction

Any modest contributions for my time and ongoing expenses are welcomed!  At Buy me a Coffee one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

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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