|Banking activities in the Democratic Republic of Congo|
|Supporting NCP(s)||None Selected|
|Description||Specific instance notified by the UN Panel of Experts on the Illegal Exploitation of Natural Resources and Other Forms of Wealth of the Democratic Republic of Congo (DRC) regarding the activities of Belgian multinational enterprise operating in the DRC.|
|Date||25 Sep 2003|
|Host country(ies)||Democratic Republic of the Congo|
|Industry sector||Financial and insurance activities|
In 2002, the United Nations Panel of Experts on the Illegal Exploitation of Natural Resources and Other Forms of Wealth of the DRC issued a report which included an annex listing companies which, in their view, had violated the Guidelines in the DRC.
In September 2003, the UN Expert Panel issued another report listing ING Belgique SA, a Belgian bank, as not having responded to the Panel's requests for information and referred it to the Belgian NCP to follow up the alleged violations.
The NCP investigated the claims and concluded the specific instance when it had been assured that internal procedures implemented by the bank, and in harmony with the Guidelines had been followed.