By Adam Turteltaub

The European Bank for Reconstruction and Development (EBRD) was created after the fall of the Berlin Wall to help develop open and sustainable market economies in countries that were committed to and applying democrat principles.  To date, the EBRD has invested €130 billion in 5200.  Its focus is on private sector investment and supporting six market transition qualities:  competitive, green, inclusive, well governed, resilient and integrated.

Lisa Rosen, the bank’s Chief Compliance Officer, along with her team play a central role in helping the EBRD succeed in its mission.  It’s not always easy, she explains in this podcast, since many of the countries where the bank has investments have serious corruption risks.  Alongside this risk are many others, including difficulties in determining the ultimate beneficial owner, anti-money laundering, terrorist finance controls, economic sanctions, as well as present and former government officials who may sit on corporate boards, or even in management.

Listen in as she explains the challenges of compliance, the risks in former Communist countries, and the role the EBRD is playing in fostering compliance and being a beacon of integrity.