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

19 Jun

Corruption: Stock Pump-and-Dump Scam

Posted by The AACI Academia, Ethics, Governance, Internal Control, Types of Fraud and Corruption

Technical Staff June 19, 2021 The perpetrators of this corruption scheme attempted to get control shares of shell companies in order to artificially inflate their share values and sell them to unsuspecting investors. ###

19 Jun

The U.S. President Establishes the Fight Against Corruption as a Core United States National Security Interest

Posted by The AACI Africa, Costs of Corruption, Governance, Human rights, Internal Control, Opinions, Principles of Fighting Corruption, The AACI's View, Types of Fraud and Corruption

Technical Staff June 19, 2021 On June 3, 2021, U.S. President Joseph R. Biden Jr. set the right tone at the top for combatting corruption. For the first time in U.S. history, he issued a memorandum that regarded the fight against corruption as a core national security interest 1. He […]

31 May

Outstanding News

Posted by The AACI Costs of Corruption, Governance, Human rights, Internal Control, whistleblowing

Technical Staff

24 May

Whistleblowers: At The Forefront of Fighting Corruption

Posted by The AACI Awards, Governance, The AACI's View, whistleblowing

Technical StaffMay 24, 2021 Because of the nature of fraud and corruption, tips account for more than half of all cases. Thanks to courageous whistleblowers, several large-scale fraud cases have been revealed. “A belatedly celebrated whistleblower who was ignored by everybody, Markopolos tried, umpteen times, to raise the alarm about […]

22 May

CACM: Blockchain Technology and Internal Control

Posted by The AACI CACM, Certification, Governance, Internal Control

Technical StaffMay 22, 2021 We at The American Anti-Corruption Institute (AACI) follow the Internal control literature and guidelines issued by the Committee of Sponsoring Organizations of the Treadway Commission, known as COSO (COSO.org). In July 2020, COSO issued a guideline entitled “Blockchain and Internal Control: The COSO Perspective”. The guidelines […]

22 May

EY Refuses to Provide German MPs with Wirecard Related Documents.

Posted by Mike Masoud Business Ethics, CACM, Costs of Corruption, Dubai, Governance, Human rights, Internal Control, Opinions, Types of Fraud and Corruption

Mike MasoudMay 22, 2021 On May 20, 2021, the Financial Times 1 reported that EY refused to provide the German MPs with 150 documents cited in the report of Martin Wambach, a partner at accounting firm Rödl & Partner who investigates EY’s unqualified audit reports of Wirecard for more than […]

30 Apr

The Wirecard Scandal: A Crime Mostly Against the German People

Posted by Mike Masoud Costs of Corruption, Ethics, Governance, Internal Control, Opinions, Principles of Fighting Corruption, Types of Fraud and Corruption

Mike MasoudApril 30, 2021 Last June, our staff published the following post about the Wirecard scandal. They stated, among other things, the following: Who Should Pay For It? Where were BaFin, Germany’s financial watchdog? Where were the Board of Directors of Wirecard?Where were EY, the independent auditor of Wirecard? Where were the […]