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.
Mike MasoudJuly 19, 2022 On September 15, 2021, I published on this official blog of The American Anti-Corruption Institute (AACI) a post entitled “Theranos Blood Testing Fraud: From 9 billion USD to 0 USD.” Theranos blood testing fraud is the biggest health care fraud in history. Due to its significance,...
Technical StaffJune 10, 2022 The Definition of Corruption The American Anti-Corruption Institute (AACI) defines corruption as “Abuse of power or perceived power or entrusted authority for direct or indirect private monetary or non monetary gain.” 1 Therefore, the existence of power is a prerequisite for corruption. Power has many forms...
May 26, 2022Technical Staff On September 18, 2015, Volkswagen Group, Europe’s largest automaker, acknowledged to using unlawful software to cheat U.S. diesel emissions testing, causing the worst business crisis in the company’s 80-year history. By September 2017, the total bill for its emissions-test cheating scandal was estimated to be around...
May 19, 2022Mike Masoud The importance of universities, colleges, and other educational institutions in preventing and deterring corruption cannot be overstated. Promoting an ethos of accountability and honesty in the academic community begins with fostering a culture of integrity and transparency among students and faculty members alike. That is why,...
and textiles and provide business services, incorporation documents and other records show. The Kinahans also formed management and aviation consultancies in Emirati free zones, areas with business-friendly tax policies. All were created with the help of UAE partners.” Who are the UAE partners?
Exposing corruption is an act of bravery for the sake of good citizenship. The criminal idolizes his ill-gotten wealth. He’s a complete narcissist. As a result, he is terrified of any action that puts him at risk of losing something. His work, reputation, money, and social position, among other things, might all be lost.
As a result, the effective fight against corruption requires the effective engagement of citizens who exposes culprits by all possible legal means. Never say never. Do not give up. Expose the corrupt.
As corruption is a business risk, the board members should take all the necessary measures to prevent, deter, detect, correct, and punish culprits….
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