Compliance news

The IIB released its first public report on compliance control activity

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”

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

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
IIB joined unified standards of international financial institutions on prevention of fraud and corruption

IIB joined unified standards of international financial institutions on prevention of fraud and corruption

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
IIB participates in the Conference of International Investigators, cooperating with other international organisations in the area of fighting corruption and fraud

IIB participates in the Conference of International Investigators, cooperating with other international organisations in the area of fighting corruption and fraud

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