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 StaffJune 5, 20241. Lack of a Clear Anti-Corruption StrategyMistake: Not establishing a comprehensive and clear anti-corruption strategy.Solution: Develop and implement an anti-corruption strategy accompanied by policies that outline acceptable behaviors, reporting mechanisms, and consequences for violations. The strategy and its policies should be communicated to all employees and stakeholders.2. Inadequate Training and Awareness ProgramsMistake: Failing to provide regular...
Mike J. MASOUDJune 4, 20241. The Fundamentals of Fighting CorruptionCorruption undermines the integrity and functioning of institutions, erodes public trust, and impedes economic development. Fighting corruption [1] requires a multifaceted approach, focusing on prevention, detection, and enforcement. Key fundamentals include [2]:Transparency and Accountability: Establishing clear, transparent processes and holding individuals...
Technical staff, May 14, 2024Welcome to “The Edge: Anti-Corruption” podcast series, brought to you by The American Anti-Corruption Institute (AACI). Our podcasts are designed to empower leaders and management within organizations to tackle fraud and corruption head-on. Today is May 14, 2024, and we’re delving into what a company’s owner should do if he suspects fraud at his...
April 24, 2024L 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 1986...
Technical StaffApril 17, 2024Small 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 emerging economies.”...
Rebuilding Integrity, Upholding ExcellenceMike J. MasoudApril 13, 2024Key Insights: Navigating the Road to Ethical Auditing1. 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.3. Transparency & Trust: Emphasizing the...
Technical staffApril 4, 2024In 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 leadership must...
