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)
With multilateral development banks (MDBs) maintaining a high level of enforcement activity during the COVID-19 pandemic, Rahman Ravelli’s Salomé Lemasson and Josh Ray assessed their approach.
Niall Hearty of financial crime specialists Rahman Ravelli considers the proposals.
By Niall Hearty 20 May 2021
Joshua Ray of financial crime specialists Rahman Ravelli considers their new approaches.
By Joshua L. Ray 1 March 2021
Rahman Ravelli’s Joshua Ray wrote about the approach being taken by multilateral development banks towards companies’ compliance programmes.
By Joshua L. Ray 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.
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...
With a recent court case having extended US prosecutors’ extraterritorial reach when it comes to tackling corruption, Rahman Ravelli’s Joshua Ray wrote about the possible implications for those accused of wrongdoing on multilateral developm...
By Joshua L. Ray 13 August 2020
Joshua Ray of business crime specialists Rahman Ravelli explains its significance for multilateral development bank (MDB) projects.
By Joshua L. Ray 10 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...
By Joshua L. Ray 5 August 2020
Webinar: Multilateral Development Banks – Their Investigations, Powers and Penalties
Date: 09 September 2020
Time: 10am EST | 3pm BST | 6pm GST
Panel:
Joshua L. Ray, Legal Director & Counsel, Rahman Ravelli
Syedur Rahman, Legal Director...
