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This Fraud Investigations Activity Report describes the activities of the Inspectorate General's Fraud Investigations Division (IG/IN) in 2020, giving an overview of IG/IN's work to prevent, detect, investigate and remedy Prohibited Conduct affecting EIB Group activities. In particular, the report provides: A chapter dedicated to the impact of the Covid-19 pandemic on IG/IN's investigations; Relevant statistics and analysis on the number of allegations received and investigations conducted; A number of internal and external case studies reflecting the range of allegations handled by investigators as well as the findings and lessons learned; An overview of the fraud detection tools and methodology developed by IG/IN as well as relevant case studies showcasing how on-the-ground Proactive Integrity Reviews are performed; An overview on deterrence and rehabilitation activities; and Information on the policy work undertaken by IG/IN, such as fraud and corruption training and awareness initiatives for EIB Group staff members, and continued efforts in outreach and global partnerships.
This Fraud Investigations Activity Report describes the activities of the Inspectorate General's Fraud Investigations Division (IG/IN) in 2020, giving an overview of IG/IN's work to prevent, detect, investigate and remedy Prohibited Conduct affecting EIB Group activities. In particular, the report provides: A chapter dedicated to the impact of the Covid-19 pandemic on IG/IN's investigations; Relevant statistics and analysis on the number of allegations received and investigations conducted; A number of internal and external case studies reflecting the range of allegations handled by investigators as well as the findings and lessons learned; An overview of the fraud detection tools and methodology developed by IG/IN as well as relevant case studies showcasing how on-the-ground Proactive Integrity Reviews are performed; An overview on deterrence and rehabilitation activities; and Information on the policy work undertaken by IG/IN, such as fraud and corruption training and awareness initiatives for EIB Group staff members, and continued efforts in outreach and global partnerships.
This Fraud Investigations Activity Report covers the activities of the Inspectorate General's Fraud Investigations Division (IG/IN) in 2019. It provides an overview of the work undertaken by IG/IN to prevent, detect, investigate and remedy Prohibited Conduct affecting EIB Group activities. The report provides in particular: Relevant statistics and their analysis on the number of allegations received and investigations conducted; A variety of internal and external case studies highlighting the different types of allegations handled by the EIB Group investigators as well as the findings and lessons learned; An overview of 10 years of Proactive Integrity Reviews at EIB and of the fraud detection tool developed by IG/IN; Information on the policy work done by IG/IN, such as fraud and corruption awareness initiatives for EIB Group staff members, and its increased efforts in outreach and global partnerships.
The EIB reports annually on its investigation activities, along with some of the lessons learnt from investigations and other work undertaken in fighting against fraud, corruption and other forms of prohibited conduct. As in previous years, the report covers actual types of cases reported to and investigated by the IG/IN. The European Investment Bank Group's 2021 Investigations Activity Report details the work conducted by the Inspectorate General's Investigations Division (IG/IN) in 2021. The EIB reports annually on its investigation activities, along with some of the lessons learnt from investigations and other work undertaken in fighting against fraud, corruption and other forms of prohibited conduct. As in previous years, the report covers actual types of cases reported to and investigated by the IG/IN. IG/IN's mandate also includes important work on policy, prevention, exclusion and awareness-raising, internally and externally. The EIB has industry-leading prevention and detection tools, including comprehensive fraud-risk scoring for all active projects financed by the EIB, as part of the Bank's systematic fraud-risk-assessment process. The report provides details of compulsory fraud awareness training for staff and showing them what fraud looks like to mitigate risk. Highlights in 2021 include the new EIB Group Anti-Fraud Policy; the investigation of a higher number of procurement related misconduct cases in 2021 than in previous years; the negotiation of a settlement with Alstom; the completion of three Proactive Integrity Reviews on multi-beneficiary intermediated loans with recommendations made to services as well as progress in the implementation of the proactive review methodology in the EIF; and services on anti-fraud provisions applicable to different products and mandates in the framework of the Covid-19 response.
Year 2017 was again a busy period for the European Investment Bank's fraud investigations division. After 60 years of operations, the EIB Group has grown in terms of volume, geographical scope, financial products, and sectors covered. The fraud investigations division has accompanied this development through hard work and dedication. This is the report of its activities in 2017.
The European Investment Bank Group (EIB Group) has zero tolerance of fraud and corruption. The Fraud Investigations Division of the Inspectorate General (IG/IN) is an independent office within the EIB Group, created to combat fraud, corruption and other Prohibited Conduct affecting the EIB Group's operations. IG/IN aims to protect the EIB Group's finances and reputation through six core activities: - Assessment and, where necessary, investigations of allegations - Policy work, such as advising on the wording of Bank documentation, and giving advice to colleagues throughout the Bank on addressing fraud and corruption-related issues - Proactive Integrity Reviews (PIRs) to identify actual fraud or potential vulnerabilities - Fraud awareness training for all EIB Group staff - Raising awareness of fraud and corruption-related issues in the public and private sectors - Analysis and information gathering to support the above five activities.
The Fraud Investigations Division of Inspectorate General (IG/IN) plays an important role leading the EIB Group's efforts to combat fraud, corruption and other Prohibited Conduct affecting the bank's operations. This report covers IG/IN's activities in 2016 and gives an overview of the work undertaken by the EU bank against fraud and corruption, providing relevant statistics and displaying the cooperative work with national agencies, prosecutorial and anti-corruption bodies in the countries where EIB lends, as well as with other International Financial Institutions, the European Commission and international organisations.