WASHINGTON, USA – The Global Investigations Review , a subscription-based online journal focused on the law and practice of international investigations, held its sixth annual awards ceremony to celebrate outstanding achievements in the field of international investigations and legal practice.
In this year’s ceremony, which took place on October 22, 2020, the Inter-American Development Bank (IDB) was awarded the “Emerging Enforcer of the Year Award” for its anti-corruption activities managed by the IDB’s Office of Institutional Integrity (OII) and the Sanctions System.
The Emerging Enforcer of the Year Award is a prestigious recognition of the world’s best firms and organizations for cross-border investigations. The rankings are derived from an analysis of factors designed to measure scale, scope, and complexity of the matters the investigations practices have handled, the organization’s performance in those matters, and the recognized quality and substantive and geographic expertise of the professionals involved.
“We at the IDB are very proud of receiving this award from the Global Investigations Review, as it represents a recognition for our effectiveness in combating corruption and fraud in our operations” said Laura Profeta, Chief of the Office of Institutional Integrity of the IDB. “This award positions the IDB as a reference point on a global level in the practice of cross-border investigations” she added.
The IDB was the only international institution nominated in the “Enforcer of the Year” or “Emerging Enforcer of the Year” categories. Other nominations consisted exclusively of national criminal or financial investigative or prosecutorial authorities. The GIR’s nomination of the IDB highlighted notable enforcement actions during the past year, including two settlement agreements negotiated by OII with large engineering and construction companies in the region to resolve and sanction corrupt practices in cases involving IDB-financed projects.
Global Investigations Review provides global coverage of the ever-changing landscape of government enforcement and regulation. It covers the latest developments in the law and practice of cross-border investigations: anti-bribery and corruption, financial services misconduct, antitrust, fraud, money laundering, tax, and more.