Menu2/23/18:
Companies may know about the risks of noncompliance from their own national regulators or even transnational laws, but the consequences of noncompliance reach all the way to major global funding organizations. According to a post by Richard L. Cassin on the FCPA Blog, The World Bank has debarred three Argentina-basedconstruction companies for fraudulently misrepresenting work progress on projects designed to help small and medium sized agricultural producers in Argentina. The 18-month debarment prohibits the companies from participating in any project financed by the World Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank and African Development Bank.
