Go to content

Photo: Jussi Ratilainen

Prohibited practices

There are certain practices that are unacceptable in Nefco projects. These are called Prohibited Practices and are:

Abuse which means theft, misappropriation or waste

Coercion which means harming or threatening to harm any party for the purpose of improperly influencing the actions of a party

Collusion which means an arrangement between two or more parties for the purpose of improperly influencing the actions of another party

Corruption which means offering or accepting anything of value for the purpose of influencing improperly the actions of another party or getting an improper benefit

Financing of Terrorism which means collection of funds to carry out terrorist activities

Fraud which means giving incorrect information or concealing information to receive a benefit

Money Laundering which means the concealment of the origins of illegally obtained money

Obstruction which means non-cooperation in a Nefco investigation or audit
Some concrete examples of behaviour that is unacceptable:
  • Paying any form of facilitation payments or kickbacks
  • Providing wrong information or leaving out substantial information during the IDD process or in connection with Nefco processing financing for your project
  • Submitting incorrect information in bids (incorrect financial statements, fake CVs or exaggerated technical capabilities)
  • Paying a bribe or giving a gift to secure a contract
  • Coordinating bids with a company that is submitting a bid for the same tender
  • Threatening someone to influence how they act
  • Not assisting Nefco in a Prohibited Practices investigation

Nefco will investigate any suspected Prohibited Practice in Nefco projects.
If you are found to have engaged in Prohibited Practices, this is a breach of Nefco’s policies and of the contract with Nefco and may lead to repayment of funds and ineligibility to receive funding in the future (debarment).
*The policy includes more details on how Nefco works with Prohibited Practices.