The Anatomy of Transnational Corruption The Anatomy of ...

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Proactive Investigative ToolsThe Voluntary DisclosureProgram (VDP)Allows participating firms to…• Voluntarily disclose information about theirmisconduct in Bank-financed or supportedprojects or contractsin exchange for…• No debarment• Confidentialityprovided that they…• Cease misconduct• Voluntarily and fully disclose informationabout Bank-related Misconduct for past 5years• Conduct an internal investigation• Implement a Compliance Program• Engage a Compliance Monitor (3 years)• Pay most costs associated withor face a 10-year debarment.30
Proactive Investigative ToolsDetailed ImplementationReview (DIR)WhatWhyHowA proactive diagnostic toolTo assess the risk of fraud, corruption and mismanagement inBank-financed projectsThrough analysis of contracts employing data mining andforensic investigative techniques in a selected project portfolio,o,and involving substantial review of contract procurement, financialialmanagement, disbursement and implementation• A DIR goes beyond compliance aspects (emphasizes fiduciaryand implementation matters)• DIRs are resource-intensive but can have high impactDIRs help operational colleagues and the Government improveproject design and implementation by identifying risks31
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 and 26: Important Red Flags• Keen interes
Page 27 and 28: Countermeasures• Be aware of the
Page 29: INT Supports other DecisionINTActio
Page 33: How to contact INTEmail: investigat

The Anatomy of Transnational Corruption The Anatomy of ...

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