Investigating fraud, corruption and misconduct
The Council of Europe Development Bank (CEB) is committed to preventing, detecting and addressing fraud, corruption and other forms of misconduct in its activities and operations.
Role of the Office of the Chief Compliance Officer
The Office of the Chief Compliance Officer (OCCO) is the CEB’s principal investigative function. The Chief Compliance Officer acts as the Bank’s principal investigator and is responsible for conducting administrative investigations into allegations of fraud, corruption and misconduct, both within the Bank and in relation to CEB-financed activities.
Investigations are carried out in an objective, impartial and confidential manner, with due respect for the rights of all parties concerned.
International standards and cooperation
The CEB aligns its investigative framework with internationally recognised standards applied by peer international financial institutions. In particular, the Bank:
- adheres to the Joint Statement by International Financial Institutions on preventing and combating fraud and corruption, which establishes a common framework for action and cooperation
- has formally endorsed this framework through a Declaration by the Governor, reaffirming the CEB’s commitment to a consistent and harmonised approach with other IFIs
- applies the Joint Principles, Guidelines and Procedures for Investigations developed by IFIs, which promote professionalism, fairness, independence and due process in investigative activities.
Consistency and information sharing
Within the limits of its rules and applicable confidentiality requirements, the CEB cooperates with peer institutions and may exchange information in connection with investigations, contributing to a coordinated and effective response to integrity risks across IFI-financed activities.
➡️ Related documents (PDFs):