Forensic Auditing Workshop held in Kyrgyz Republic
Kyrgyz Republic Resident Mission Country Director Candice McDeigan opened the forensic auditing workshop held on 5-6 December in Bishkek, and stressed the negative impact of corruption on development and importance of collective actions to prevent corruption. The Kyrgyz auditors from private and public sectors learned skills to help them detect fraud and to safeguard development funds.
ADB celebrates International Anticorruption Day
President Nakao led ADB staff in commemorating International Anticorruption Day on 8 December 2018 in ADB Headquarters, Manila, Philippines. In his remarks, the President urged Management and staff to be champions in the fight against corruption, money laundering, and other illicit activities. Read the news release and see the photo.
ADB attends IFI Heads of Integrity meeting hosted by EBRD
The Heads of Integrity of ADB, African Development Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, and World Bank met on 28-29 November to share experiences and learnings to facilitate cross-debarment and the implementation of their anticorruption policies. The discussions will also facilitate cooperation between the IFIs on integrity matters for development effectiveness.
iACT to fight corruption! exhibit: Mano-a-Mano (Hand to Hand)
ADB is holding an exhibit as part of its anticorruption activities. The exhibit includes sculptures by Filipino artist A.G. Saño, who used giant hands as models to depict the fight against corruption. One hand extends outwards as if inviting or surrendering to corruption, while the other is raised to repudiate it. They represent the enormity of the conflict and the important task of fighting corruption for the benefit of public good.
Follow-up review: Jaipur Metro Rail Line 1-Phase B Project
India's Jaipur Metro Rail Corporation officials gained implementation assistance from the project procurement related review (PPRR) team of ADB's Office of Anticorruption and Integrity during the follow-up review of the Jaipur Metro Rail Project. The review was kicked off on 21 November and will validate implementation progress on the 2017 PPRR recommendations.
ADB participates in Global Forum 10th Plenary Meeting
ADB joined 11 other international organizations as observers at the 10th Plenary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes on 15-17 November. The delegates, including tax administration officials from ADB developing member countries, learned about ADB's tax integrity initiatives that will assist them in enhancing their countries’ domestic resource mobilization and tax transparency.
Republic of Korea Prime Minister opens ADB/OECD Anti-Corruption Initiative's 9th regional conference
ADB joined the Organisation for Economic Co-operation and Development (OECD), the United Nations Development Programme (UNDP), and the Government of the Republic of Korea in hosting the ADB/OECD Anti-Corruption Initiative on 15-16 November in Seoul. Republic of Korea Prime Minister Lee Nak-Yon opened the conference, while ADB's Office of Anticorruption and Integrity Head Clare Wee launched the first Public Integrity Network to facilitate cooperation among DMCs. Over 300 participants from private sector, civil society, and public sector attended the meeting. See news report.
ASEAN Supreme Audit Institutions, ADB share knowledge on forensic auditing
ADB shared on 4-5 October in Jakarta the latest developments in forensic auditing with auditors from ASEANSAI. The participants engaged in interactive case studies and exchanged fraud prevention/detection techniques. ADB also met with Indonesia's Audit Board to explore future collaborative capacity building opportunities.
ADB kicks-off AML technical assistance in Mongolia with Training-of-Trainers Program
Selected staff from Mongolia’s Financial Information Unit and Financial Regulatory Commission participated in an anti-money laundering training-of-trainers program held on 13-14 September at Mongol Bank, Ulaanbaatar. The program is part of ADB's technical assistance on anti-money laundering, which aims to improve customer due diligence practices in the country.
Philippines' Securities and Exchange Commission discusses modernization of its corporate registration system to strengthen AML/CFT controls
Philippine SEC Chairperson Teresita Herbosa on 18 August 2017 met ADB to discuss its national corporate registration system and its value in strengthening anti-money laundering and customer due diligence practices in the country. ADB is implementing a regional TA on enhancing customer due diligence practices.