Multilateral development banks (MDBs) finance development projects around the world and companies involved in those projects often are not aware of their connection to MDBs – and the potential consequences. As Glenn Ware, PwC principal and global intelligence leader, told the Anti-Corruption Report, understanding exposure to MDBs is crucial because those banks have audit rights, and can debar a company not only for corruption, but other violations as well. He explained how that debarment can have spiraling consequences, including DOJ and SEC investigations and credit downgrades, and gave advice for mitigating the risk of debarment. See also “The World Bank’s Wide Reach and Its Growing Anti-Corruption Program” (May 28, 2014).