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 MasoudApril 30, 2021Last 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 relevant regulatory agencies...
Technical StaffApril 30, 2021On April 14, 2021, Bernard L. Madoff died in prison, serving a 150-year sentence. During the 2008 financial crisis, it was revealed that he was in charge of the largest Ponzi scheme in American history. Below is a BBC report on Madoff’s death:Bernie Madoff: Disgraced financier dies in prisonBernie Madoff admitted he had conned investors out of billions of dollars in a Ponzi scheme.Read Morewww.bbc.comThe following documentary is one...
March 10, 2021The U.S. shows its commitment to fighting corruption globally by honoring anti-corruption champions from all over the world. It is a part of a comprehensive strategy to fight corruption globally.A new US award honors anti-corruption advocates around the worldThe International Anticorruption Champions Award, issued by the US State...
February 27, 2021Technical StaffThe American Anti-Corruption Institute (AACI) defines corruption as “Abuse of power or perceived power or entrusted authority for direct or indirect private monetary or nonmonetary gain.” [1]This definition applies to all economic sectors and entities. It applies to private and public sectors and also applies to non-profit...
February 19, 2020Technical StaffWe were not surprised by the higher education news published in the Guardian newspaper on February 19, 2020. The phenomenon of the Diploma Mills is not new. It goes back many many years. Google defines diploma mills as “an institution or organization that grants large numbers of...
January 31, 2021Technical staffThe following are recent important anti-corruption analysis and developments that shall have notable impacts on the global fight against corruption:Combating Global Corruption Act reintroduced in Senate – Homeland Preparedness NewsSens. Todd Young (R-IN) and Ben Cardin (D-MD) have reintroduced a measure they said would make efforts to...
M. J. MasoudJanuary 15, 2020Corruption manifests itself through conflict and permanent contradiction in human societies. Absolute power most likely leads to corruption. Justice is the basis of governing. When domestic and international efforts are united to fight corruption, corruption deterrence tends to prevail. But fighting corruption alone will not achieve...
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