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All allegations received by the Bank related to fraud and corruption go through the Oversight Committee on Fraud and Corruption (OCFC). Reporting directly to the IDB President, the Committee is chaired by the Executive Vice President, with other members including the Vice President for Countries, Vice President for Finance and Administration, the General Counsel and the Auditor General.
The Secretariat for the OCFC is the Chief of the Office of Institutional Integrity (OII), which is responsible for carrying out investigations of alleged violations of the Bank’s anticorruption policies, and if requested, also undertakes investigations into violations of the Code of Ethics and Professional Conduct.
All OII investigative findings related to allegations of fraud or corruption, as well recommendations to impose sanctions, are reviewed by to the OCFC. If there is evidence country laws have been broken, the Committee is also responsible for recomending to the President that the case be referred to national authorities.
When OII substantiates an allegation against a firm, consultant or other third parties, it can recommend to the OCFC that the case be referred to the Bank’s Sanctions Committee to initiate the sanctions process.
For more information, see The Investigative Process and the OCFC’s Operational Guidelines.
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