CABEI advances in its culture of zero tolerance for fraud, corruption, and other prohibited practices


CABEI has joined the international effort to fight financial crime, fraud and corruption by implementing integrity measures.

Tegucigalpa, April 27th, 2023 - In keeping with its institutional mission to promote the economic and social development of its member countries, the Central American Bank for Economic Integration (CABEI) has joined the international effort to fight financial crime, fraud and corruption by implementing integrity measures in all its operations.

CABEI promotes "zero tolerance" for fraud, corruption, and other prohibited practices in its operations through the establishment of an Integrity System, which allows for the prevention, detection, analysis, and treatment of prohibited practices.

"At CABEI, as an international multilateral development financial institution whose resources are continuously invested in projects that favor the well-being of the people, we are aware that transparency is an essential element to positively impact the development of our member countries, which is why we will continue to promote our integrity system," highlighted CABEI's Executive President, Dr. Dante Mossi.

Thus, CABEI has progressively extended specific measures consisting of a regulatory framework, which includes guidelines for prevention, detection, and the operation of the different means for filing complaints, as well as the process for dealing with complaints, the power to conduct investigations and the process for recommendations or sanctions applicable to each case.

Taking into account the negative impact caused by the materialization of prohibited practices in the different operations, CABEI maintains its commitment to support the region by permanently strengthening the Integrity System (Anti-Fraud/Anti-Corruption).

Prohibited Practices Recognized by CABEI



In addition to the above, CABEI administers and manages the risks of Money Laundering and terrorism financing, ML/TF/PWMDF, Integrity and Sanctions in accordance with its guidelines, policies, procedures and tools in force in order to prevent and mitigate the effects that could occur if the organization, its operations or activities are used as a vehicle for these purposes.

Likewise, the Bank promotes the creation of synergies to foster a culture of integrity through the dissemination of information and knowledge to raise awareness of the importance and benefits of preventing the occurrence of prohibited practices in its operations. Furthermore, CABEI directs its efforts to ensure that its products and services are not used to give the appearance of legality to funds that are the product of illicit activities or serve to channel licit or illicit resources destined for terrorist activities.

"CABEI is committed to the global fight against Money Laundering, Terrorism Financing and Financing the Proliferation of Weapons of Mass Destruction and is constantly updating its internal processes to keep in line with international best practices," concluded President Mossi.