Report Waste, Fraud & Abuse

1- 888-OIG-EXIM (1-888-644-3946)
By E-mail: IGhotline@exim.gov

 To learn more on how to detect fraudulent export deals, see Red Flags for Ex-Im Bank Transactions (OIG-Ex-Im-Red-Flags-of-Fraud-Checklist.pdf).

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What's New

Audit Report- May 12, 2015
Audit of the Export-Import Bank’s Compliance with the Improper Payments Elimination Act of 2010 for Fiscal Year 2014 Reporting (OIG AR-15-06)

Press Release - Apr 22, 2015
Former Loan Officer at Export-Import Bank Pleads Guilty to Accepting Over $78,000 in Bribes

Congressional Testimony - Apr 15, 2015
Statement of Michael T. McCarthy before the United States House of Representatives Committee on Oversight and Government Reform - Subcommittee on Health Care, Benefits, and Administrative Rules and Committee on Financial Services - Subcommittee on Monetary Policy and Trade

Inspection Report- Mar 31, 2015
Report on Ghana Credits: Ridge Hospital Complex & Kumawu-Mampong Water Treatment Works (OIG-INS-15-01)

Audit Report- Mar 31, 2015
Independent Audit on the Export-Import Bank's Planning and Implementation of the Financial Management System- Next Generation (FMS-NG) (OIG-AR-15-05)

Press Release- Mar 12, 2015
Miami-Based Lender Pays $3.8 Million to Resolve Liability Relating to U.S. Export-Import Bank Loans

Audit Report- Feb 9, 2015
Independent Audit of Export-Import Bank's Information Security Program for Fiscal Year 2014 (OIG-AR-15-03) (FINAL-FISMA-Report-with-all-applied-redactions.pdf)

Press Release- Feb 5, 2015
Ex-Im Bank OIG Seeks Fugitive

Press Release- Feb 3, 2015
Mexican Businessman Arrested for Alleged Role in Scheme to Defraud the Export-Import Bank of the U.S.

Audit Report- Jan 14, 2015
Fiscal Year 2014 Financial Statement Audit - Management Letter (OIG-AR-15-02) (Fiscal-Year-2014-Financial-Statement-Audit-Management-Letter.pdf)

Semiannual Report- Nov 26, 2014
Export-Import OIG Semiannual Report Apr 1, 2014- Sept 30, 2014 (OIG_Report_FA_Final_508 (1).pdf)

Audit Report - Nov 14, 2014
Audit of the Export-Import Bank of the United States Fiscal Year 2014 Financial Statements (OIG-AR-15-01) (Final-Memo_-Risk-Assessment-of-Export-Import-Bank-s-Purchase-and-Travel-Card-Programs.pdf)

Special Report - Nov 13, 2014
Final Memo Risk Assessment of Export-Import Bank's Purchase and Travel Card Programs (Audit-of-Export-Import-Bank-of-the-United-States-Fiscal-Year-2014-Financial-Statements-OIG-AR-15-001.pdf)

Archive

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. (EIB-35-OIG-Investigative-Processes-Privacy-Act-System-of-Records-Notice-SORN-5-7-12.pdf)

Privacy Impact Statement: Ex-Im Bank Office of Inspector General Information System (IGIS):

EIB-35-Office of Inspector General Investigative Records (Signed-Privacy-Impact-Statement-7-20-12.pdf)

RELEVANT REFERENCES