MDBs are financial institutions funded by nations to boost economic development in countries needing assistance. When investigating wrongdoing on contracts, they have far-reaching powers, are not bound by borders and can impose heavy sanctions.
/ News / Multilateral Development Bank (MDB)
The possibility of multilateral development banks (MDBs) playing a leading role in tackling ESG (environmental, social and governance) violations was assessed by Rahman Ravelli.
By Syedur Rahman 11 January 2023
Rahman Ravelli discuss various aspects of the European Investment Bank’s (EIB) activities with its senior investigator, Mohamed El Maini.
By Syedur Rahman 27 April 2022
With multilateral development banks (MDBs) maintaining a high level of enforcement activity during the COVID-19 pandemic, Rahman Ravelli assess their approach.
By Syedur Rahman 25 May 2021
Financial crime specialists Rahman Ravelli wrote about the approach being taken by multilateral development banks towards companies’ compliance programmes.
By Nicola Sharp 27 October 2020
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.
By Syedur Rahman 15 September 2020
When multilateral development banks (MDBs) identify corruption on their projects, they have a range of penalties at their disposal. But the common penalty imposed is debarment with conditional release, where a company is banned from MDB pro...
By Azizur Rahman 27 August 2020
With a recent court case having extended US prosecutors’ extraterritorial reach when it comes to tackling corruption, Rahman Ravelli wrote about the possible implications for those accused of wrongdoing on multilateral development bank (MDB...
By Nicola Sharp 13 August 2020
The US Second Circuit’s rejection of an appeal by two FIFA executives convicted of honest services wire fraud is set to have major implications for prosecuting those involved in financial wrongdoing relating to multilateral development bank...
5 August 2020
Webinar: Multilateral Development Banks – Their Investigations, Powers and Penalties
Date: 09 September 2020
Time: 10am EST | 3pm BST | 6pm GST
Panel:
Syedur Rahman, Legal Director, Rahman Ravelli
Barry Vitou, Partner, Greenberg Traurig...
By Syedur Rahman 28 July 2020