The AACI Blog Page

24 Sep

The FinCEN Files Scandal: The Untold Stoy of the HSBC

Posted by The AACI FinCEN Files, whistleblowing

September 24, 2020 The untold story of the HSBC as revealed by the BuzzFeed News and International Consortium of Investigative Journalists (ICIJ) is shocking, revealing, extremely serious, and alarming. Key Findings by the ICIJ HSBC moved dirty money while on probation for previous laundering lapses. The bank moved millions of […]

24 Sep

Effective and Good Governance

Posted by The AACI Academia, Business Ethics, CACM, Ethics, Governance, Internal Control, Opinions, Principles of Fighting Corruption

Mike J. MasoudSeptember 21, 2020 It is the third principle of the ten principles of fighting corruption. The following image shows these principles that form the benchmark for assessing and testing the effectiveness of fighting corruption strategies, policies, or plans. The shortest and most inclusive definition of governance is “the […]

21 Sep

The Real Corruption Fighters

Posted by The AACI CACM, Certification, Student, The AACI's View, whistleblowing

Technical StaffSeptember 21, 2020 As corruption prevails in public institutions and the private sector, one should not be surprised by the public rage. Wise governments and those who are charged with governance should be alerted to the repercussions of socio-economic and political damages of corruption. High levels of poverty compounded […]

26 Aug

Scheduling CACM Exam Via Zoom

Posted by The AACI CACM, Certification, Membership, Online Exam

August 26, 2020 The Exam Unit of The American Anti-Corruption Institute (AACI) provided more details about the CACM Exam proctored via Zoom (Read the announced details) CACM candidates who opt to sit for the CACM Exam proctored via Zoom shall contact the Exam Unit. Scheduling to sit for the exam […]

24 Aug

Al Jazeera Investigative Unit: Cyprus Sold Citizenship to Dozens of Foreigners Linked to Crime and Corruption.

Posted by The AACI Costs of Corruption, Ethics, Governance, Human rights

Al Jazeera Investigative Unit reported that Cypress sold its citizenship to criminals and money launderers. Reported by Al Jazeera in the weblink below, the Cypriot Member of Parliament Eleni Mavrou said: “The way the programme was implemented the last few years was obviously a procedure that allowed cases for which […]

24 Aug

Did Juan Carlos I Abuse His Office Power?

Posted by The AACI Ethics, Governance, Human rights, The AACI's View

“Adel al-Jubeir, 58, the current Saudi minister of state for foreign affairs, was the authority who allegedly endorsed the origin of the $100 million that was transferred to an account linked to Spain’s then-King Juan Carlos I in Swiss private bank Mirabaud. That’s according to documents from a probe in […]

12 Aug

NMC Health Scandal: False Invoices and Fraudulent Debt Raising

Posted by The AACI Business Ethics, Costs of Corruption, Governance, Internal Control

August 12, 2020 The Financial Times reported on August 10, 2020, that more than one related party (controlled entities by NMC founder BR Shetty) obtained bank loans fraudulently and funneled these loans to NMC Health. We hope that the ongoing investigation shall reveal how the banks approved those loans. We […]