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Sanctions

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Part of the Contributions to Finance and Accounting book series (CFA)

Abstract

Once evidence of misconduct has been gathered by investigators, the organisation, if it is an MDB, can seek to impose a range of sanctions/exclusion on those engaging in the integrity violations by commencing a sanctions case. The evidence has to implicate each person and/or entity named in the formal accusation (in some places called a Notice of Debarment). Each MDB has a Sanctions Committee which comprises a blend of senior managers from the institution and outsiders to ensure objectivity although some of the Committees only contain outsiders.

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Notes

  1. 1.

    See the website www.crossdebarment.org.

  2. 2.

    www.crossdebarment.org.

  3. 3.

    www.worldbank.org/en/about/unit/sanctions-system.

  4. 4.

    www.worldbank.org/debarr.

  5. 5.

    www.worldbank.org/en/news/press-release/2019/10/10/world-bank-group-debarred-48-firms-and-individuals-during-fiscal-year-2019.

  6. 6.

    www.ebrd.com/news/publications/policies/enforcement-policy-and-procedures.html.

  7. 7.

    www.ebrd.com/who-we-are/our-values/enforcement-commissioner.html.

  8. 8.

    www.ebrd.com/our-values/integrity-and-compliance/enforcement-committee.shtml.

  9. 9.

    The current members of the committee are identified on the website: www.ebrd.com/our-values/integrity-and-compliance/enforcement-committee.shtml.

  10. 10.

    www.ebrd.com/news/publications/policies/enforcement-policy-and-procedures.html.

  11. 11.

    www.ebrd.com/news/publications/policies/enforcement-policy-and-procedures.html.

  12. 12.

    CCO stands for Chief Compliance Officer.

  13. 13.

    www.ebrd.com/news/publications/policies/enforcement-policy-and-procedures.html.

  14. 14.

    www.ebrd.com/ineligible-entities.html.

  15. 15.

    www.crossdebarment.org.

  16. 16.

    www.adb.org/site/integrity/sanctions.

  17. 17.

    www.adb.org/site/integrity/case-summaries.

  18. 18.

    www.afdb.org/sites/default/files/2019/05/10/afdb_sanctions_procedures_-_november_2014.pdf.

  19. 19.

    www.afdb.org/sites/default/files/2019/05/10/afdb_sanctions_procedures_-_november_2014.pdf.

  20. 20.

    www.afdb.org/en/projects-operations/debarment-and-sanctions-procedures.

  21. 21.

    https://www.eib.org/en/press/news/eib-and-siemens-settlement-agreement.

  22. 22.

    https://www.eib.org/en/press/news/eib-and-iberinco-settlement-agreement-to-address-and-combat-fraud.

  23. 23.

    https://www.eib.org/en/press/news/agreement-reached-between-the-european-investment-bank-and-volkswagen-ag-in-relation-to-eib-loan-antrieb-rdi.

  24. 24.

    www.eib.org/en/about/accountability/anti-fraud/exclusion/index.htm.

  25. 25.

    http://crossdebarment.org/oai001p.nsf/Content.xsp?documentId=EF42202683A26B524825789A00839502&action=openDocument&SessionID=CWO0W588ZO or https://lnadbg4.adb.org/oai001p.nsf/.

  26. 26.

    www.crossdebarment.org.

  27. 27.

    FCPA Blog article: How can we understand the world's various debarment regimes? By Collin Swan, Eleanor Ross and Amanda McDowell, June 12, 2019.

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Smith, D. (2021). Sanctions. In: Promoting Integrity in the Work of International Organisations . Contributions to Finance and Accounting. Springer, Cham. https://doi.org/10.1007/978-3-030-73916-4_13

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