Similar to the experience of the World Bank and African Development Bank, as we have previously reported, fraud was by far the most common form of sanctionable conduct in 2020, being involved in 64 of 89 new investigations opened in 2020, followed by corruption (10 cases...
The Asian Infrastructure Investment Bank (AIIB), proposed by China in 2013 and founded in 2014, is one of the world’s newest multilateral development banks (MDBs). However, it has already become the second-largest multilateral institution in the world by membership after the World Bank. Its m...
‘blacklisted’ by FATF, meaning that no bank or regulated person in the world is allowed to deal with them without committing money laundering and/or sanction offences which could lead to their being imprisoned or closed down. There are a wider group of countries that are under periodically ...
Since commencing operations in 2016, the AIIB has been engaging in co-financing of AIIB-approved infrastructure projects 2 The AIIB Debarment List aims to sanction firms and individuals that have engaged in fraud and corruption in AIIB-financed projects, contracts and activities in violation of the...