The World Bank's Office of Suspension and Debarment released its report Thursday on suspension and debarment from 2007 through 2013 arising from Bank-financed projects.
Entries in World Bank (58)
Achieving consistent legal compliance in today’s regulatory environment is a challenge severe enough to keep compliance officers awake at night and one at which even well-managed companies regularly fail.
As the financier of development projects around the globe, the World Bank has been a leader in the effort to eradicate poverty through lending.
It also has elicited questions from the defense bar in America, which is concerned about its investigations of corruption, as the Bank does not need to follow any nation's rules of criminal procedure nor recognize the American concept of due process.
On Thursday, May 15, the World Bank will host a Colloquium on Suspension and Debarment, a tool used to "blacklist" non-responsible, corrupt or otherwise unqualified contractors.
Kellogg Brown & Root LLC, Technip S.A., and JGC Corp. agreed to pay $17 million in penalties in a settlement with the African Development Bank (ADB) for corrupt practices by affiliated companies in connection with contracts for liquefied natural gas production plants on Bonny Island, Nigeria from 1995 until 2004.
This post is the second of two covering the importance of compliance professionals understanding the technology that drives their businesses and produces the data they need to manage risk. The first post is here.
Companies are usually aware of the benefits of leveraging big data to detect fraudulent activity, but often struggle with how to get started.
The Royal Canadian Mounted Police in Montreal filed criminal charges against two former senior SNC-Lavalin executives on Friday.
In the holiday spirit, here's a last glance back at 2013 and a look at how the compliance profession is doing.
Last October, the French government created the Central Office Against Corruption, Financial and Fiscal Offences. The Office is part of a broader reform project that aims to strengthen the fight against financial crimes in France. It was announced in April 2013 by President Hollande, after his Budget Minister admitted having an undeclared Swiss bank account for the past 20 years.