11 Jun 2021
EUR 41 million
Infrastructure, transportation and telecom
NIB’s Compliance function (also referred to as the Integrity & Compliance Office) addresses integrity and reputational risks in its daily business in accordance with the Integrity and Compliance Policy (find links here).
As an international financial institution, NIB strives to carry out its operations with the highest integrity and in compliance with best market practices and its own legal framework. Prevention is at the forefront of NIB’s integrity and compliance efforts.
NIB is committed to the integrity of markets and to following best practices and international standards in the areas of governance, integrity, accountability, transparency and business ethics in all of its operations and activities. NIB is also committed to acting without bias or prejudice. Further, NIB complies with the sanctions regimes relevant to its operations.
NIB investigates all suspected or alleged cases of Prohibited Practices (corruption, fraud, coercion, collusion, theft, money laundering and terrorist financing), misconduct and non-compliance in accordance with its Investigations and Enforcement Policy. As investigations are primarily based on the allegations the Bank receives, it is of vital importance that both internal and external stakeholders take the initiative to report allegations or suspicions of any wrongdoing in relation to the Bank’s operations and activities.
NIB’s Speaking-up and Whistleblowing Policy aims to make it easier for staff and other stakeholders, including witnesses in investigations, to report in good faith any wrongdoings to the Integrity & Compliance Office. Moreover, the Policy establishes that retaliation against reporters or witnesses is prohibited and describes the Bank’s procedures for protecting whistleblowers.
Any person suspecting that Prohibited Practices, misconduct or non-compliance with NIB’s policies could have occurred in connection with an NIB financed activity is strongly encouraged to report it to the Bank. The report should be made to the Chief Compliance Officer, is confidential and can be submitted anonymously.
To ensure adherence to international practices and prevent corruption and money laundering in the Bank’s business activities, NIB has adopted an Integrity Due Diligence Policy. This Policy establishes the KYC (know-your-customer) principles followed by the Bank and covers issues related to criminal history, sanctions, money laundering, terrorist financing, tax fraud, tax evasion and cross-border structures.
The Bank has established an internal Business Integrity Council that focuses on preventive measures and raising awareness of integrity issues among the Bank’s staff and other stakeholders.
Integrity and Compliance policy
IFI uniform framework for preventing and combating fraud and corruption
Investigations and enforcement policy
Integrity due diligence policy
Policy on handling inside information and preventing market abuse
Public information policy
Speaking-up and whistleblowing policy