World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries. Its goal is to reduce poverty and support sustainable development. The World Bank also imposes sanctions on entities that violate its policies or engage in corrupt practices.
Mitigate risk with our comprehensive screening solutions for your AML and sanctions compliance.
2 Lists
| Lists Name | Records |
|---|---|
World Bank Listing of Ineligible Firms and Individuals - ProcurementThe World Bank's listing of ineligible firms and individuals identifies firms and individuals who are barred from participating in World Bank-funded projects due to misconduct or failure to comply with procurement regulations. This list helps ensure transparency and integrity in procurement processes, allowing organizations to avoid engaging with ineligible entities. Staying informed on this list is crucial for maintaining compliance and fostering ethical business practices within the global development sector. | 1,704 |
World Bank Listing of Ineligible Firms (Non-Responsible Vendors)The World Bank maintains a list of firms deemed ineligible to participate in its projects due to issues such as fraud, corruption, or poor performance. This listing helps ensure transparency and accountability in procurement processes. Keeping updated with this list is vital for effective risk management and compliance strategies. | 11 |
FAQs
Why is compliance with World Bank necessary?
Compliance with World Bank sanctions is essential for maintaining the integrity of international financial systems and promoting economic development. These sanctions are designed to prevent organizations and individuals from engaging in destructive activities, such as corruption, fraud, or support for terrorism. By adhering to World Bank sanctions, entities not only safeguard their reputation and operations but also contribute to global stability and ethical practices. Non-compliance can result in severe legal and financial repercussions, jeopardizing future funding and partnerships.
Which companies should comply with World Bank?
Companies operating in sectors such as finance, construction, and infrastructure should comply with World Bank sanctions. Compliance ensures that these firms adhere to anti-corruption standards and avoid engaging in projects that could undermine development efforts. Non-compliance can lead to financial penalties, reputational damage, and loss of access to future World Bank contracts, affecting their long-term viability.
APIs
Data License
Solutions
Pricing
All rights reserved | Terms of use Copyright ©2025 Trademo Technologies Inc.