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Business Crimes BulletinFeaturesBanking and Finance LawsLitigationWhite Collar Crime

Losing the Ability to Conduct Business, Period

By William Jacobson and Lauren Muldoon
August 01, 2018

World Bank as an Investigative and Disciplinary Entity

Procurement and Consultant Guidelines

Sanctions Proceedings

Mitigating the Risk of Crippling Sanctions

  • Companies should make it a priority to determine whether they are involved with any MDB-financed project. Many companies don't realize they have MDB-funded contracts until the sanctions investigations begin.
  • Companies should ensure compliance with the MDB's procurement regulations and guidelines.
  • Companies should ensure they have proper anti-corruption programs in place, and that their programs are in line with the MDBs' compliance guidelines.
  • A company should not wait until receipt of a show cause letter to engage counsel. By that point, the damage may have already been done. If a company receives an audit request from any MDB, including an informal request to provide documents or information to INT, PIAC, or other MDB investigations units, counsel should be engaged to assist in response and help navigate through ensuing investigation and litigation.
 ****** William Jacobson Lauren Muldoon Corporate Counsel
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