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

24 Apr

Anti-Money Laundering Laws Don’t Work

Posted by The AACI Academia, Costs of Corruption, Governance, Internal Control, Opinions

April 24, 2024 L Burke Files, DDP, CACMPresident, The American Anti-Corruption Institute (AACI) The first Anti-Money Laundering law was the United States Bank Secrecy Act. It was passed in 1970, the Nixon Administration’s knee-jerk reaction to the boatloads of cash flowing into US banks. There were a few additions in […]

22 Apr

Uncovering the Veil: Investing in Corruption Prevention

Posted by The AACI Accountability, Governance, Internal Control, Opinions, Principles of Fighting Corruption, The AACI's View, Transparency

The Technical Staff, April 22, 2024 Fraud prevention is often hailed as the prudent path, but do stakeholders, including board members, regulators, and partners, truly invest rationally in this pursuit? And if so, do they do so strategically and sufficiently? The answer lies in the intricate tapestry of regional and […]

17 Apr

The Top 10 Corruption Threats Facing Small and Medium-Sized Enterprises (SMEs)

Posted by The AACI Accountability, Conflicts of interest, Costs of Corruption, Ethics, Governance, Internal Control, Leadership, Opinions, Transparency, Types of Fraud and Corruption

Technical Staff April 17, 2024 Small and Medium-Sized Enterprises (SMEs) play a vital role in the global economy, driving innovation, creating jobs, and fostering economic growth. “They represent about 90% of businesses and more than 50% of employment worldwide. Formal SMEs contribute up to 40% of national income (GDP) in […]

13 Apr

Auditing in Crisis: Restoring Trust in the Wake of Scandal

Posted by Mike Masoud Accountability, CACM, Conflicts of interest, Costs of Corruption, Ethics, Governance, Internal Control, Leadership, Opinions, Transparency, Types of Fraud and Corruption

Rebuilding Integrity, Upholding Excellence Mike J. Masoud April 13, 2024 Key Insights: Navigating the Road to Ethical Auditing 1. Reform Needed: Urgent calls for significant reform in the audit profession to prevent future ethical lapses. 2. Accountability Matters: Highlighting the crucial role of accountability in maintaining trust in financial reporting. […]

04 Apr

Safeguarding Whistleblowers from Retaliation: Upholding Integrity

Posted by Mike Masoud Accountability, Leadership, Opinions, Standards on Fighting Corruptin (SFC), Transparency, whistleblowing

Mike J. MasoudApril 4, 2024 Whistleblowing stands as an unparalleled force in the battle against fraud and corruption. Its potency lies not only in its effectiveness but also in its cost-efficiency. As the vanguards of integrity, whistleblowers play a pivotal role in unveiling malfeasance and upholding integrity within organizations. However, […]

04 Apr

Upholding Ethical Standards: Leadership Responses to Procurement Bribery

Posted by The AACI Accountability, Business Ethics, Costs of Corruption, Governance, Internal Control, Leadership, Standards on Fighting Corruptin (SFC), Transparency, whistleblowing

Technical staff April 4, 2024 In the complex landscape of business ethics, leaders often find themselves facing tough decisions that can profoundly impact the integrity and reputation of their organizations. One such scenario arises when undisputed evidence of bribery emerges within the procurement process. This presents a critical juncture where […]

30 Mar

UPHOLDING THE RULE OF LAW AND CORRUPTION PREVENTION

Posted by Mike Masoud Accountability, Africa, Costs of Corruption, Governance, Internal Control, Leadership, Opinions, Principles of Fighting Corruption, Standards on Fighting Corruptin (SFC), Transparency

March 30, 2024 Mike J. MasoudWole Fagbayide Corruption is a global phenomenon that has its roots back in history and will always be present. While there is a consensus on the socioeconomic and political damages corruption causes, experts, and researchers, do not have a well-established agreement on what causes it. […]