AIIB takes tough stance on corruption

Building on the experience of other multilateral development banks, the Asian Infrastructure Investment Bank has adopted their good practices to create an anti-corruption system that works for the AIIB and has gone a little further in terms of related policies, said an AIIB executive.

AIIB takes anti-corruption very seriously. The tone from its top management is very clear: There will be zero tolerance for corruption. The bank has obligated all of its staff to understand its anti-corruption policy, according to Hamid Sharif, managing director of the Compliance, Effectiveness & Integrity Unit of the AIIB.

He stressed that anti-corruption is not a one-time job but requires continuous vigilance and attention. AIIB conducts due diligence in its operations to ensure that no corruption has taken place up to the point when it gets involved and after approval when AIIB funds are spent.