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.
Technical Staff Bank Julius Baer Agrees to Pay More than $79 Million for Laundering Money in FIFA ScandalBank Julius Baer & Co. Ltd. (BJB or the Bank), a Swiss bank with international operations, has admitted today in federal court in Brooklyn that it conspired to launder over $36 million in...
Mike MasoudMay 22, 2021 On May 20, 2021, the Financial Times 1 reported that EY refused to provide the German MPs with 150 documents cited in the report of Martin Wambach, a partner at accounting firm Rödl & Partner who investigates EY’s unqualified audit reports of Wirecard for more than...
Mike MasoudApril 30, 2021 Last 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...
Technical StaffApril 30, 2021 On 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.com The following...
March 10, 2021 The 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...
February 27, 2021Technical Staff 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 nonmonetary gain.” [1] This definition applies to all economic sectors and entities. It applies to private and public sectors and also applies...
February 19, 2020Technical Staff We 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...
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