Multilateral development banks’ strengthening of communication links between themselves and with law enforcement agencies is leading to greater information sharing, a Rahman Ravelli-hosted webinar heard.
The webinar, titled “Multilateral Development Banks – Their Investigations, Powers and Penalties’’, was headed by Rahman Ravelli legal director Joshua Ray and involved an international panel of individuals with expertise in this area. It was held on September 9 to examine how multilateral development banks (MDBs) conduct investigations, the penalties available to them and how companies should prepare for and respond to such an investigation.
Rahman Ravelli legal directors Syed Rahman and Joshua Ray were among the speakers. Fellow speakers included senior investigations lawyers Barry Vitou (Partner, Greenberg Traurig), Ian Hargreaves (Partner, Covington & Burling) and Alex Haines (Barrister, Outer Temple Chambers) as well as investigations and compliance expert Chris Kim (Guidepost Solutions), a former World Bank investigator.
The panel discussed the implications of the strengthening of communication links among MDBs and between them and enforcement agencies – and, in particular, the effect this could have on the companies that are the subject of an MDB investigation. Other topics that were analysed included how MDBs seek to obtain evidence, the situation facing companies that may come under investigation by both an MDB and a law enforcement agency and conducting settlement negotiations with an MDB.
Joshua Ray represents individuals and corporates in complex investigations, prosecutions and regulatory actions regarding market manipulation and multijurisdictional matters involving fraud, bribery and money laundering.
Syedur Rahman is known for his in-depth experience of serious fraud, white-collar crime and serious crime cases, as well as his expertise in worldwide asset tracing and recovery, civil recovery, cryptocurrency and high-stakes commercial disputes.