About the fraud investigations division

• Author: European Investment Bank
• Pages: 6-9

62019 FRAUD INVESTIGATIONS ACTIVITY REPORT

ABOUT THE FRAUD

INVESTIGATIONS DIVISION

The Fraud Investigations Division (IG/IN) provides the EIB Group with the capacity to professionally and

objectively investigate allegations of prohibited conduct involving EIB Group-financed activities and/or

members of governing bodies or st aff. It provides the EIB Group s ervices with the rel evant facts and

recommendations to form the basis for appropriate follow-up actions.

The Fraud Investigations Division team is composed of experienced and highly skilled professionals with

previous experience as law enfo rcement officers, public prosecu tors, integrity officers and audit ors.

The European Investment Bank Group (EIB Group) shows zero tolerance to all forms of prohibited conduct, including

fraud and corruption, and is committed to continuous efforts in fighting prohibited conduct within its operations all

over the world. A policy and institutional framework ensures a 360-degree approach to fighting fraud, corruption and

other forms of prohibited conduct, including prevention, detection, investigation and remediation.

The Fraud Investigations Division is the sole office within the EIB Group mandated with conducting all investigations

into alleged violations of Anti-Fraud Policies approved by the boards of the EIB and the European Investment Fund

(EIF). Under the EIB Group Anti-Fraud Policies, prohibited conduct includes fraud, corruption, collusion, coercion,

obstruction, terrorist financing and money laundering.

ABOUT US

ACTIVITIES

PROAC TIVE

INTEGRITY

REVIEW

CASE INTAKE

AND ANALYSIS

POLICY AND

TRAINING

INVESTIGATIONS

There is significant cross-fertilisation among these activities: proactive work uncovers red flags of fraud, which may

lead to investigations; investigation findings and recommendations may lead to policy changes; lessons learned from

proactive work and investigations are used to raise staff awareness on fraud and corruption risks and all require

information support and analysis.