Sanctions Board News Today

This year’s twentieth anniversary of the United Nations Convention against Corruption (UNCAC) is an opportunity for reflection. With 190 parties as of October 2023, the UNCAC is the only legally binding international anti-corruption agreement. The treaty’s framework sets forth a comprehensive set of measures to prevent and combat corruption, calls for criminalization of the most prevalent misconduct, and requires member states to return assets obtained through this crime to the country from ...

ENENTO GROUP PLC, INVESTOR NEWS 2 MARCH 2023 AT 9.00 A.M. EET Finnish Data Protection Authority imposes administrative fine on Suomen Asiakastieto Oy Enento Group Plc was informed on 28 February

ENENTO GROUP PLC, INVESTOR NEWS 2 MARCH 2023 AT 9.00 A.M. EET Finnish Data Protection Authority imposes administrative fine on Suomen Asiakastieto Oy Enento Group Plc was informed on 28 February... | March 2, 2023

Ignoring integrity risks in emerging markets when receiving financing from the World Bank Group (WBG) is about to become much riskier, as the WBG Sanctions System Annual Report for...

No fewer than seven Nigerian firms and individuals have been sanctioned by the World Bank for corruption during its 2022 fiscal year.   The revelation was made in the bank’s latest Fiscal Year 2022, which covered July 1, 2021, to June 30, 2022, in the Sanctions System Annual Report.   The list consists of three Nigerians and four Nigerian companies who were found guilty of corruption following investigations by the Washington-based bank.

Out of the 35 sanctioned firms and individuals, 32 were debarred with conditional release, making them ineligible to participate in projects and operations financed by the institutions of the World Bank Group.

THE debarment period faced by a number of Filipino firms and individuals slapped by multilateral institutions will soon be expiring, but this may not guarantee their eligibility to participate in future projects. Based on the public sanctions list made available by Manila-based Asian Development Bank (ADB) and The World Bank…

Designed for busy in-house counsel, compliance professionals, and anti-corruption lawyers, this newsletter summarizes some of the most important international anti-corruption law and ...

7:48 am The World Bank debarred 267 firms and individuals last year, including cross debarments, in a big jump from prior years. For comparison, in 2019, the Washington, D.C.-headquartered international financial institution debarred 183 firms and individuals. In 2018, it debarred 155 firms and individuals. So far in 2021, the World Bank has debarred twelve entities or individuals. Eleven were cross-debarments (debarments first imposed by another international financial institution), and one ...

In October, the World Bank Group (WBG) published its third Sanctions System Annual Report for Fiscal Year 2020 (FY20), which covers the period from 1 July 2019 to 30 June 2020. The report provides a detailed look at the recent activities of the three units of the WBGs Sanctions System – the Integrity Vice Presidency (INT), the Office of Suspension and Debarment (OSD), and the Sanctions Board – and provides important insights into priorities for the coming year. An overview of activities in...