Banking activities in the Democratic Republic of Congo
Lead NCPBelgium
Supporting NCP(s)None Selected
DescriptionSpecific 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.
Theme(s)General policies
Date25 Sep 2003
Host country(ies)Democratic Republic of the Congo
SourceNGO
Industry sectorFinancial and insurance activities
StatusConcluded
Summary

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. 



Note: As the UN Expert Panel did not specify which provisions of the Guidelines were breached in this specific instance, it has been classified under "general policies".