Compliance news
Discussions on DFIs compliance risks at IIB’s Bratislava conference
One of the integral features of modern development financial institutions (DFIs) is the application in work of regulated and constantly updated compliance procedures.This allows DFIs to remain transparent to shareholders and effectively combat prohibited practices, such as fraud, corruption and conflicts of interest, anti-money laundering and combating the financing of terrorism (AML/CFT). The issues of compliance risks related to the DFIs activities and ways for their decrease took cente… Read more
IIB business intelligence project is one of the main topics featured in the October issue of Banking Review
The first ever business intelligence (BI) project of the International Investment Bank (IIB) aimed at financial reporting automation is one of the main topics featured in the October issue of Banking Review. The IIB completed the project jointly with a Russian software developer Diasoft. The key acquirers were the credit and investment, and the compliance and finance departments of the Bank, with the IT Department acting as the project coordinator. The IIB financial reporting is automated on… Read more
The IIB released its first public report on compliance control activity
In May 2016, the
IIB delivered its first "Compliance Control Activity Report". The document
was published taking into account the standards of international financial organizations,
and in accordance with principle 6 of ”Uniform
Framework for Preventing and Combatting Fraud and Corruption” joined by the IIB
in 2015. The Report highlights
the main activities of the IIB, and particularly of its Compliance Department in
the field of combating money laundering, terrorism financing and… Read more
IIB practically implements the concept of a “green office”
The International Investment Bank (IIB) has made significant progress in implementing the concept of a "green office" according to the plan of the IIB’s initiative of responsible attitude to the environment, which was approved in 2016. During the year, the Bank consistently reduced the consumption of resources and supplies for both its Headquarters in Moscow and the European Regional Office in Bratislava. The IIB managed to optimize its printing expenses and to reduce the procurement of a pape… Read more
XVII Conference of International Investigators – IIB strengthens cooperation with the leading IFIs in the area of compliance practices
The delegation of the International Investment Bank (IIB) participated in the XVII International Conference of International Investigators, held in Vienna, Austria, on October 5-7, 2016. A representative forum focused on discussion of issues such as combating corruption and staff misconduct investigations, upgrading the corporate policies, compliance procedures and business ethics. Investigators from almost 50 international organizations, including representatives from multilateral development… Read more