Welcome to the Hughes Hubbard Anti-Corruption & Internal Investigations Practice Group’s podcast, All Things Investigation. This week, we will feature five lawyers from HHR to introduce the firm’s always popular and annual FCPA and Anti-Bribery Alert. In this second podcast of the 5-part series, host Tom Fox is joined by Jiaxing Hao on the significance and enforcement actions of Multilateral Development Banks (MDBs) like the World Bank and Inter-American Development Banks in combating corruption.
They examine key trends from 2024, including a renewed focus on complex corruption cases. Jiaxing emphasizes the importance of compliance, particularly in accurately documenting and reporting all transactions, as MDBs consider even internships, employment contracts, and additional personnel as potential bribery risks. The conversation highlights the MDBs’ lower burden of proof, making it critical for compliance professionals to be vigilant in their anti-corruption efforts.
Key highlights:
- Understanding Multilateral Development Banks
- Key Trends in MDB Enforcement Actions
- Compliance Lessons for Corporations
- Fraudulent Practices in Bid Documents
- Burden of Proof in MDB Investigations
Resources:
Hughes Hubbard & Reed website
2024 Fall FCPA and Anti-Bribery Alert
Jiaxing Hao
