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 J. Masoud August 14, 2023 Ensuring Adequate Legal Protection As discussed in Part 1 [1], whistleblowing is vital for exposing misconduct, fraud, and abuse that threatens public welfare. However, for whistleblowing to facilitate accountability effectively, proper laws and protections must be in place to shield those who take significant...
Technical Staff August 7, 2023 The board of directors of a bank must have a basic understanding of fraud, corruption, and internal control to fulfill their oversight duties effectively. Fraud refers to deceptive actions taken to gain an unfair advantage, typically resulting in financial loss to the bank. Internal and...
Technical Staff July 25, 2023 The government is legally required to “develop and implement or maintain effective, coordinated anti-corruption policies that promote the participation of society and reflect the principles of the rule of law, proper management of public affairs and public property, integrity, transparency and accountability. ” – Article...
Mike J. Masoud July 21, 2023 The American Anti-Corruption Institute (AACI) defines whistleblowing as follows: Definition “Whistleblowing is a deliberate non-obligatory act of disclosure that is made, following the rules and regulations of the applicable law, by a person or persons who have or had privileged access to data or...
Technical Staff July 14, 2023 Introduction to bid rigging and its prevalence in the public sector: Bid rigging represents an egregious form of anti-competitive conduct whereby firms contravene ethical business practices by conspiring to subvert open tendering processes. This frequently transpiring malpractice within public procurement irreparably engenders market distortion and...
The Exam UnitJune 17, 2023 Introduction Organizations must prioritize effective anti-corruption measures in today’s global landscape, where fraud and corruption threaten businesses and economies. One crucial step in this endeavor is to have at least one Certified Anti-Corruption Manager (CACM) among your decision makers. The absence of a CACM leaves your organization...
Technical StaffJune 12, 2023 Understanding the Motives Behind Corrupt Acts by Senior Management Whenever a corruption scandal is uncovered and involves senior management, there is a question that most of the stakeholders ask: why did they do it? Those charged with governance, legislatures, regulators, and other stakeholders should always understand...