Report Waste, Fraud & Abuse
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What's New
Evaluation Report - Dec 2, 2016
Evaluation of Risk Management Procedures and Chief Risk Officer Responsibilities
Semiannual Report to Congress
OIG Semiannual Report (Apr 1, 2016 - Sept 30, 2016)
Audit Report - Nov 28, 2016
Independent Auditors' Report on the Export-Import Bank's DATA Act Readiness
Audit Report - Nov 15, 2016
Audit of the Export-Import Bank of the United States Fiscal Year 2016 Financial Statements
Evaluation Report - Sept 29, 2016
Evaluation of Export-Import Bank's Procurement Process for a Vehicle Lease
Audit Report - Sept 28, 2016
Audit of Export-Import Bank's Examinations of Delegated Authority Lenders Participating in the Working Capital Guarantee Program
Evaluation Report - Sept 23, 2016
Report on the Asset Management Division's Risk Rating Process
Special Report - August 30, 2016
Risk Assessment of Export-Import Bank's Purchase Card Program
Special Report - August 12, 2016
Results of the Cybersecurity Information Sharing Act, Section 406 Data Call
Press Release - August 11, 2016
Chicago-area business owner indicted for his role to defraud EXIM Bank
Evaluation Report - July 28, 2016
Follow-up Report on Portfolio Risk and Loss Reserve Allocation Policies
Press Release - Jun 13, 2016
Miami Man Sentenced to 144 Months in Prison for Role in Multimillion-Dollar Scheme to Defraud Commercial Lenders and U.S. Export-Import Bank
Ex-Im Bank Office of Inspector General
- Promotes economy, efficiency and effectiveness in Ex-Im Bank programs and supporting operations;
- Conducts and supervises audits, investigations, inspections and reviews relating to Ex-Im Bank's export credit insurance, guaranty and loan programs and supporting operations;
- Detects and prevents fraud, waste and abuse;
- Reviews existing and proposed legislation and regulations and makes appropriate recommendations; and
- Keeps the Chairman and Congress informed of serious problems and recommends corrective actions and implementation measures.
The OIG also carries out other significant statutory responsibilities and Government-wide mandates in areas such as management, financial reporting, information security and privacy. The Ex-Im Bank Inspector General is a member of the Council of the Inspectors General on Integrity and Efficiency (CIGIE).
Inspector General (IG) Act Overview
In brief, the IG Act of 1978 grants the OIG administrative authority to:
- Receive full access to all records and materials available to Ex-Im Bank;
- Determine which audits, investigations, inspections and reviews are necessary and issue appropriate reports;
- Issue subpoenas for non-Federal records and take oaths;
- Receive complaints and reports of fraud, waste and abuse from employees and the public, protect confidentiality of sources and, when necessary, refer matters to the United States Attorney General;
- Hire employees, experts and consultants and procure necessary equipment and services;
- Obtain assistance from other agencies, including Federal, State and local governments;
- Communicate directly with Congress;
- Deliver semiannual reports to Congress reporting on the activities of the OIG, including the response of management to recommendations made by the OIG and
- Enter into contracts.
Other Authority
The Government Corporations Control Act of 1990 provides that the financial statements of Ex-Im Bank, as a government corporation, shall be audited by the Inspector General or by an independent external auditor, as determined by the Inspector General.
Independence
The Inspector General is appointed by the President, with the advice and consent of the Senate, without regard to political affiliation and solely on the basis of integrity and demonstrated ability. The Inspector General may only be removed by the President, who is required to provide notice to Congress. The Inspector General is under the general supervision of the Chairman, but that authority applies only to general matters of administration and does not include authority for the Chairman or any other officer, director or employee of Ex-Im Bank to supervise or interfere in any audit, investigation or oversight matter undertaken by the OIG. The OIG budget is submitted by the OIG independently from that of Ex-Im Bank and is subject to separate appropriation by Congress.
The complexity of the management and policy issues facing Ex-Im Bank will sometimes result in disagreement between the OIG and management regarding the extent of a problem and the nature of recommended corrective actions. In these instances, the OIG will seek to maintain a productive and professional relationship with Ex-Im Bank's management and to continue to work effectively to address the challenges facing Ex-Im Bank.
OIG System of Record Notice (SORN)
The information in the system of records will be used by the Ex-Im Bank OIG to conduct criminal, civil, and administrative investigations, and will contain identifying information about potential subjects, sources, and other individuals related to these investigations.
Ex-Im Bank EIB-35-Office of Inspector General Investigative Records published in the Federal Register on May 7, 2012. ()
Privacy Impact Statement: Ex-Im Bank Office of Inspector General Information System (IGIS):
EIB-35-Office of Inspector General Investigative Records ()