The European Investment Bank recently published its updated Exclusion Policy, which reflects the bank’s zero tolerance to fraud and corruption. In addition to sanctioning common prohibited practices, the policy says the Bank also may choose to exclude companies found to have financed terrorism or engaged in money laundering. The new policy addresses the scope of the policy, the exclusion process, synergies with other debarment systems, negotiated settlements, and publication of exclusion decisions.

Read the full post at FCPA Blog