IIB joined the Uniform Framework for Preventing and Combatting Fraud and Corruption, elaborated by the leading international financial institutions. This document was created in 2006 by the Joint International Financial Institutions Anti-Corruption Task Force, represented by the leading IFIs, which agreed to apply unified coordinated standards and approaches to prevention of corruption, fraud and other illegal operations. The document is designated to increase IFIs effectiveness in preventing…  Read more

From September 28 to October 2 in the Swiss town of Montreux, the 16th Conference of International Investigators took place, together with several associated meetings of staff from more than 50 different international organisations and multilateral development banks. The event, which for the first time included IIB’s representatives among its participants, was hosted by The Global Fund. The Conference was established by the European Anti-Fraud Office in 1999 and represents the biggest annual…  Read more

The Council of International Investment Bank has approved its new 'Policy of anti-money laundering and combating the financing of terrorism, fraud and corruption'. The given document was drawn within the frames of the transformation of the IIB, and for the first time throughout its history the Bank formulated its principles, standards and implementation strategy of corresponding procedures within the current activity of the Bank. This document was prepared on the basis of the recommendations…  Read more

Creating an efficient risk management system is one of the major steps on the way to transforming International Investment Bank into a modern multilateral institution for development. In the current year a specialized department of compliance control has been created for the first time, the work of which is organized using the methods and experience of the world’s leading international development banks and international organizations. Following the recommendations of the Basel Committee on…  Read more