The Anatomy of Transnational Corruption The Anatomy of ...

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Important Red Flags• Officials live beyond their means• New or unknown companies appear as suppliers orsubcontractors• Trading or “investment” companies appear as suppliers orsubcontractors• Unusually high prices for standard items• Payments go to accounts in secrecy jurisdictions (e.g.Switzerland, Liechtenstein, Cyprus, Dubai, Hong Kong, Nauru…)• Reputation in the community as corrupt26
Countermeasures• Be aware of the Red Flags• Enforce rules and controls• Exercise “professional skepticism” (if something does notseem right-it probably isn’t)• Don’t Rely on Appearances: Look behind the paperwork andbeneath the surface• Assume corrupt parties know “the system”• Train staff on how to recognize and deal with fraud andcorruption• Reward staff who identify fraud or corruption• Communicate concerns to appropriate officials27
Page 2 and 3: INT Terms of ReferenceApproved by t
Page 4 and 5: Impact of CorruptionWorld Bank Rese
Page 6 and 7: Addresses for front companyin biddi
Page 8: Loan Brokers• Can act as agents f
Page 11 and 12: Kickback Case11
Page 13 and 14: Fraud and Corruption:Trust Fund Con
Page 15 and 16: New Hospital Bed Suppliedunder WB-F
Page 17 and 18: Brand New Fetal Monitor forPediatri
Page 19 and 20: Bid Rigging:Red Flags‣ Sequential
Page 21 and 22: Bid Rigging: Unusual Bid PatternsIn
Page 23 and 24: Conflict of InterestBid of Design C
Page 25: Important Red Flags• Keen interes
Page 29 and 30: INT Supports other DecisionINTActio
Page 31 and 32: Proactive Investigative ToolsDetail
Page 33: How to contact INTEmail: investigat

The Anatomy of Transnational Corruption The Anatomy of ...

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