American Bar Association
The influence of the multilateral development banks in the fight against corruption is on the rise. These institutions now routinely conduct anti-corruption investigations of bank-funded projects, with far-reaching consequences for companies, including debarment and referral of cases to country enforcement authorities.
What is at stake for companies is significant: millions in penalties, sometimes even greater costs for legal and consulting services, and of course jail time for individuals.
This panel will discuss the multilateral bank sanctions process; the impact and significance of cross-debarment; cooperation between MDBs and national authorities and the impact that has (e.g. multi jurisdictional and joint investigations); and how companies can avoid sanctions through effective anti-corruption compliance.