Asian Infrastructure Investment Bank (AIIB) President Jin Liqun has appointed three members to the Bank’s inaugural Sanctions Panel. External member Enery Quinones was appointed Chairperson, Shoaib Suddle was appointed as an external member and AIIB senior legal consultant Nicolette De Witt was appointed as an internal member.
“We have zero tolerance for fraud and corruption,” said AIIB President Jin Liqun. “Our Sanctions Panel demonstrates our commitment to the highest standards in anticorruption, ethics and transparency and will help us to protect our investments.”
Sir Danny Alexander, AIIB Vice President and Corporate Secretary is AIIB’s current Sanctions Officer.
AIIB’s Policy on Prohibited Practices establishes a two-tier sanctions process to enforce these prohibitions that consists of a Sanctions Officer and a Sanctions Panel. The Sanctions Officer is responsible for the independent determination of appropriate sanctions against parties that engaged in Prohibited Practices. The decision of the Sanctions Officer may be appealed by a sanctioned party to the Sanctions Panel. Decisions of the Sanctions Panel are final and cannot be appealed any further.
AIIB’s Sanctions Panel act independently and do not answer to, or take instructions from the President, Management, the Board of Directors, representatives from members or any other entity or individual.
Enery Quinones
Quinones is the Chair of the Nordic Investment Bank’s Sanctions Panel. From 2004 to 2014, Quinones was the Chief Compliance Officer at the European Bank for Reconstruction and Development (EBRD). Prior to joining EBRD, Quinones was Head of the Organisation for Economic Co-operation and Development (OECD) Anti-Corruption Division. Having played a key role in developing the OECD’s anti-bribery instruments, she then developed and oversaw the implementation of the first international mechanism to monitor compliance among States Parties to the Anti-Bribery Convention. Quinones has a JD from Harvard Law School.
Shoaib Suddle
Suddle was the Federal Tax Ombudsman of Pakistan. He began his police career in 1973 and has held several key positions, both at operational and strategic levels. He headed two provincial police departments as Inspector General Police (Balochistan and Sindh respectively). In recognition of his exceptional contributions, he was decorated with the top civil award in 2008 by the Government of Pakistan. Suddle has a PhD in white-collar crime from Cardiff University and an LLB from the University of the Punjab.
Nicolette De Witt
De Witt served as an operational policy advisor and operational lawyer at the World Bank for over three decades until her retirement in 2014. During her tenure, she served as Legal Policy Advisor to the Board’s Committee on Development Effectiveness, as well as advisor to member country clients and staff on the World Bank’s operational policies and operations; she also led several exercises to modernize these policies and the World Bank’s legal documentation. Since 2015, De Witt has served as a senior legal consultant to AIIB. De Witt received her JD from Harvard Law School and her BA from the University of Chicago. Prior to joining the World Bank, she served as a law clerk in the U.S. Federal District Court of New Jersey and worked as an associate attorney in New York and Tokyo.
About AIIB
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, we began operations in January 2016 and have now grown to 102 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.
