On 6th September 2017, Alex Haines, barrister at BWL, participated on a panel at the 35th International Symposium on Economic Crime: “Preventing and Controlling Economic Crime in the Modern World – whose responsibility and are they really up to it?”
The annual symposium has, over the decades, brought together in one of the oldest medieval Colleges of the University of Cambridge, ministers, legislators senior officials, diplomats, judges, regulators, law enforcement, intelligence officers, professional advisers and researches from around the world. The symposium was sponsored by, inter alia, the National Crime Agency (‘NCA’), the Serious Fraud Officer (‘SFO’) and the Institute of Advanced Legal Studies (‘IALS’).
The Plenary Workshop, entitled “The way forward: next steps in combatting fraud and corruption in development projects” was part of a three-part series on the roles of Multilateral Development Banks (‘MDBs’) in fighting corruption worldwide. The panel consisted of MDB Sanction Board judges, General Counsels of international organisations, Chief Compliance Officers and partners in private practice. Alex addressed the role and importance that negotiated settlements have within the Sanctions Regime framework of MDBs, as well as the pros and cons of national referrals from the MDB investigative offices to domestic law enforcement agencies. Alex also discussed the pitfalls for unrepresented Respondent companies and individuals who attempt to navigate the Sanctions Procedures of MDBs like the World Bank without expert assistance.
BWL is very grateful to both the Centre for International Documentation on Organised and Economic Crime (‘CIDOEC’) and Jesus College, Cambridge for having organised such a stimulating and successful event.