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Exclusion

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Exclusion

The EIB has a zero tolerance policy against fraud, corruption, collusion, coercion, obstruction, money laundering and terrorist financing (together “Prohibited Conduct” as defined in the EIB Anti-Fraud Policy) in relation to its activities and projects.

Exclusion Policy

The EIB’s Exclusion Policy sets out the policy and procedures for the exclusion of entities and individuals found to have engaged in Prohibited Conduct from EIB-financed projects and other EIB-related activities for a certain period of time. It enforces the prohibitions contained in the EIB’s Anti-Fraud Policy and, in doing so, contributes to safeguarding the financial interests, the integrity and reputation of the Bank and the activities it finances.

Proceedings instigated under this Exclusion Policy follow a three-stage review process to determine whether the evidence presented convincingly supports the conclusion that an entity or individual engaged in Prohibited Conduct.

The processing of personal data by the EIB is governed by Regulation (EC) N° 45/2001. Detailed information is provided in the Privacy Statement for the EIB’s Exclusion Policy.

Excluded entities

The following entities are currently publicly excluded from EIB-financed projects and activities:

Name Excluded from Excluded until Type of exclusion

FIR Advisors S.L.

30.09.2016 29.09.2019 Voluntary settlement
Squatina Business Inc. 30.09.2016 29.09.2019 Voluntary settlement
Mr F. Prior Sanz 30.09.2016 29.09.2019 Voluntary settlement
Iberdrola Ingeniería y Construcción S.A.U. (Iberinco) 22.12.2017 21.12.2018 Voluntary settlement

Settlement agreements

The EIB Exclusion Policy includes a provision which allows the EIB to enter into negotiated settlements with individuals or entities that have engaged in Prohibited Conduct.

The list below contains historical settlements, agreed by the EIB and the respective parties:




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