The AACI Blog Page - The American Anti-Corruption Institute (AACI)

31 Oct

Audit Failure: Wirecard

Posted by Mike Masoud Dubai, Governance, Internal Control, Opinions, Types of Fraud and Corruption

Mike Masoud October 31, 2021 On October 26, 2021, the Financial Times published a report by Olaf Storbeck entitled EY and Wirecard: anatomy of a flawed audit. The following is my opinion on this significant report that I also posted on LinkedIn: I do not think the parliamentary inquiry committee’s […]

31 Oct

In an unprecedented disclosure, the offshore havens and hidden wealth of world leaders and billionaires were revealed.

Posted by The AACI Costs of Corruption, Governance, Types of Fraud and Corruption, whistleblowing

The Pandora Papers expose the inner workings of a shadow economy that enriches the well-connected and wealthy at the expense of everyone else. Significant Facts The International Consortium of Investigative Journalists obtained the trove of more than 11.9 million confidential files and led a team of more than 600 journalists […]

31 Oct

Whistleblowing: A Prerequisite for Effective Corruption Discovery

Posted by The AACI Learning Programs, Principles of Fighting Corruption, whistleblowing

Three days @ 5 hours per day via Zoom that innovatively and in structured brainstorming sessions discussing many aspects about whistleblowing including its definition, elements of the effective whistleblowing policy, and incentives, among other significant matters, to unleash the potential of whistleblowing in the society. Get Engaged in the Fight […]

13 Oct

Pandora Papers: Consequences on the Arab Countries

Posted by Mike Masoud Africa, Business Ethics, Costs of Corruption, Ethics, FinCEN Files, Governance, Human rights, Opinions, Principles of Fighting Corruption, Types of Fraud and Corruption, whistleblowing

October 13, 2021 Mike Masoud On Tuesday, October 12, 2021, I participated in a program at Al-Arabi TV, broadcasting from London, to discuss the ramifications of Panama papers on the Arab countries. The program was an interactive one where there was an audience who participated via Zoom. On October 3, […]

05 Oct

The Facebook Whistleblower: Frances Haugen

Posted by The AACI Costs of Corruption, Ethics, Governance, Types of Fraud and Corruption, whistleblowing

October 5, 2021 “Facebook has been anxious to know since last month when an anonymous former employee filed complaints with federal law enforcement. The complaints say Facebook’s own research shows that it amplifies hate, misinformation and political unrest—but the company hides what it knows. One complaint alleges that Facebook’s Instagram […]

30 Sep

Whistleblowing: Strike the Right Balance

Posted by The AACI Awards, Business Ethics, Costs of Corruption, Governance, Human rights, Internal Control, Opinions, Principles of Fighting Corruption, whistleblowing

September 30, 2021 “Whistleblowing is a disclosure made by a person with privileged access to an organization’s data or information about a wrongdoing, which implicates the organization, to persons or organizations that may be able to effect action’’ 1,2,3. It is a complex socio-economic phenomenon that requires careful understanding and […]

23 Sep

TJN Financial Secrecy Index

Posted by The AACI Costs of Corruption, Governance, Human rights, Types of Fraud and Corruption

September 23, 2021 “In February 2020, the Tax Justice Network published its latest Financial Secrecy Index (FSI), which ranked the Cayman Islands as the leading jurisdiction for financial secrecy. To reach this conclusion, TJN had to downplay the Cayman Islands’ strong regulatory regime; stringent procedures to prevent and identify financial […]