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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 StaffMay 27, 2024IntroductionThe fight against corruption has always been an uphill battle, especially in environments where personal freedoms are severely restricted. Throughout history, marginalized and oppressed groups have found ways to resist and challenge corrupt systems despite immense challenges. This blog post explores the parallels between the era of...
Mike J. MasoudMay 7, 2024In the relentless battle against corruption, it’s crucial to understand the intricate web that connects various forms of malfeasance. The American Anti-Corruption Institute (AACI) defines corruption as the abuse of power or perceived power or entrusted authority for direct or indirect private monetary or nonmonetary gain. This...
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...
The Technical Staff, April 22, 2024Fraud prevention is often hailed as the prudent path, but do stakeholders, including board members, regulators, and partners, truly invest rationally in this pursuit? And if so, do they do so strategically and sufficiently? The answer lies in the intricate tapestry of regional and organizational...
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.”...
