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World Bank launches a Global Hub for BO Transparency, with FATF, IMF, UNODC & other partners, to improve data sharing and strengthen the fight against ML, corruption, fraud and sanctions evasion

by AdrianaAMLP | Sep 6, 2026

The World Bank and international partners have launched the Global Hub for Beneficial Ownership Transparency (GloBOT), intended to improve coordination and help jurisdictions make beneficial ownership reforms effective in practice. The initiative brings together...

UNODC and the World Bank launch a TBML Risk Assessment Tool, with a Guidance Manual, to help jurisdictions identify, assess and mitigate TBML risks and illicit financial flows in global supply chains

by Jyotsna Bucktowar | Jun 8, 2026

The manual explains the Tool’s methodology, data needs, scoring logic and step-by-step application, including separate analysis of mainland and free-trade-zone risks. It helps jurisdictions translate assessment findings into risk-based policy, supervisory and...

World Bank’s 2nd Symposium report highlights rising corruption risks in climate finance—fraud, greenwashing, and fund misallocation due to complexity, fragmentation, and weak governance

by Jyotsna Bucktowar | May 21, 2025

The symposium emphasized the critical role of supranational actors—intergovernmental organizations, international aid agencies, and private donors—in mitigating integrity risks and ensuring accountability in climate finance. Key recommendations include enhancing...

Oxfam warns that up to $41b in World Bank climate finance is unaccounted for

by AdrianaAMLP | Nov 10, 2024

An Oxfam audit of the World Bank’s 2017-2023 climate finance portfolio found that between $24 billion and $41 billion in climate finance went unaccounted for between the time projects were approved and when they closed.

The World Bank has imposed sanctions on Interyer Insaat for fraudulent practices

by Jyotsna Bucktowar | Jun 10, 2024

Interyer Inşaat was accused of misrepresenting its past work experience and financial performance in a bid for a wastewater treatment plant and canal construction contract by the World Bank, imposing a 2 years and 8 months debarment…
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