Anticorruption and Integrity: News Releases

ADB is ramping up its efforts to help countries in the Asia and Pacific region combat money laundering and terrorism financing, according to OAI's 2017 Annual Report released today.

ADB President Takehiko Nakao has called for increased efforts to help fight corruption, money laundering, and other illicit activities that derail economic development and the achievement of social equity in the region.

ADB is stepping up its anticorruption and integrity efforts on top of other reforms and policies to improve DMC support in addressing issues such as tax integrity, says OAI's 2016 Annual Report released today.

ADB is updating its Anticorruption Policy to address tax secrecy, tax evasion, and aggressive forms of tax planning in the wake of recent global developments.

ADB's Office of Anticorruption and Integrity sanctioned 90 companies and individuals for integrity violations in 2015, more than double the 40 sanctioned the previous year.

ADB's Office of Anticorruption and Integrity (OAI) boosted due diligence reviews in 2014 as part of an expanded push for preventive and proactive measures to counter corruption, a new report says.

ADB's anticorruption work in 2013 focused on prevention, oversight, investigation, and deterrence through strengthened due diligence, partnerships, awareness raising, and greater outreach.

ADB toughened measures to battle fraud and corruption in 2012, as complaints reached a new annual high.

Some 225 allegations of corruption or integrity violations were submitted to ADB last year, leading to 34 individuals and 31 firms being debarred from doing business with the organization, a new report shows.

ADB stepped up its fight against corruption in 2010 with the introduction of new initiatives, including revised integrity guidelines and a cross debarment agreement signed with development partners, a new report says.