The European Investment Bank Group (EIB Group) has a zero tolerance of Prohibited Conduct whether occurring in connection with projects and activities financed by the EIB Group or perpetrated by its own staff. The EIB Group consists of the European Investment Bank (EIB or the Bank) and the European Investment Fund (EIF).
The Investigations Division is an independent office within the EIB Group and is the sole office mandated to investigate Prohibited Conduct within EIB Group.
Prohibited Conduct includes fraud, corruption, collusion, coercion, obstruction, theft at EIB Group premises, misuse of EIB Group resources or assets, money laundering and financing of terrorism affecting the EIB Group’s operations and activities.
The Investigations Division aims to protect the EIB Group’s finances and reputation through six core activities:
- Assessment and, where necessary, investigation of allegations
- Policy work aiming at ensuring the existence of a robust anti-fraud policy framework at the EIB Group and incorporating the lessons learned from the investigations into policies and practices
- Proactive Integrity Reviews (PIRs) to identify actual fraud or potential vulnerabilities
- Fraud awareness training for all EIB Group staff
- Raising awareness of Prohibited Conduct-related issues in the public and private sectors
- Analysis and information gathering to support the above five activities
The EIB Group encourages everyone to report promptly to the Investigations Division suspicions of Prohibited Conduct in EIB Group-financed operations or activities. Investigations are primarily triggered by reporting of suspicions. External reports from parties or persons involved in EIB Group projects and activities are therefore of important value for the EIB Group.