Posts cover the costs of corruption of all kinds. Such costs include, but not limited to, those associated with and have negative impacts on the rule of law, public funds, and resources, education, healthcare, poverty, civil society, economic sustainability, foreign direct investment (FDI), interest rate, citizenship, and citizens trust in public institutions.
These posts also cover the negative consequences of corruption on the proper separation of powers (legislative, judicial, and executive), and tax collections.
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...
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...
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....
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...
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....
Mike J. Masoud March 20, 2024 Introduction In the wake of Episode 8 of The Edge: Anti-Corruption Podcast, which explored “Detecting Corruption: 10 Red Flags Every Organization Should Watch For,” it is evident that heightened awareness and proactive measures are imperative in combating fraud and corruption within organizations. This blog...
Mike Masoud, February 15, 2024 In light of recent developments highlighted by the Financial Times [1], it is evident that the role of whistleblowers in combating corruption is gaining recognition. The appointment of a non-legal director at the UK Serious Fraud Office (SFO) marks a significant departure from tradition, signaling...