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.
Money services businesses strengthen AML/CFT
More than 100 participants from North Luzon money services businesses were trained on anti-money laundering/combating the financing of terrorism (AML/CFT) controls on 7-8 August in Laoag City, Philippines. The workshop contributes to businesses taking appropriate measures to guard against money laundering and terrorism financing. This enhances the Philippines’ reputation as a secure financial market. For similar workshops, contact the Office of Anticorruption and Integrity.
ADB builds capacity of Philippines DOF-BOC to reinforce anticorruption stance
Staff of the Philippines Department of Finance-Bureau of Customs participated in a workshop organized by ADB to develop capacity to tackle corruption. It was held in ADB Headquarters on 28 July. The participants gained knowledge of investigative tools and techniques, and due diligence skills; and increased awareness of their key role in preventing trade-based money laundering that contribute to illicit financial flows. For similar trainings, contact the Office of Anticoruption and Integrity.
ADB's Viet Nam Resident Mission hosts integrity training for executing agencies
ADB's Viet Nam Resident Mission on 30 June hosted representatives from the ministries of Natural Resources and Environment, and Agriculture and Rural Development for integrity and due diligence trainings in Ha Noi. The sessions enhanced the participants’ understanding and skills in fraud and corruption detection. For similar trainings, contact OAI.
Anticorruption seminars held in Fiji
Forty-eight representatives from executing and implementing agencies, civil society organizations, consultants, contractors, and suppliers attended a series of anticorruption seminars on 27-29 June in Suva. The participants' knowledge of ADB's Anticorruption Policy was strengthened, including their ability to detect; prevent; and address possible fraud, corruption, and other integrity violations in Fiji.
ADB holds Forensic Auditing Workshop in Fiji
About 50 representatives from Office of the Auditor General, Fiji Independent Commission against Corruption, accounting firms, and government agencies attended the workshop on 27-28 June in Suva. The participants engaged in interactive case studies and exchanged experiences and techniques in fraud prevention/detection. To request for similar workshops, contact OAI.
Money services businesses in Philippines receive training on AML/CFT controls
ADB provided training on anti-money laundering/combatting the financing of terrorism (AML/CFT) controls to over 100 participants from money services businesses across the Visayas on 19-20 June in Iloilo City, Philippines. The workshops encouraged businesses to take appropriate measures to guard against money laundering and terrorism financing. This would also enhance the reputation of individual businesses and of the Philippines as a secure and safe financial market. For assistance in structuring similar training, contact OAI.