Episode 18: Corruption as a Business Risk: Integrating it into Your Risk Management FrameworkTechnical Staff, June 17, 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 June 17,...
Technical StaffJune 11, 2024In today’s business landscape, corruption remains one of the most significant threats to organizational integrity and sustainability. When corruption risks are not adequately addressed, organizations can face severe financial losses, legal repercussions, and irreparable damage to their reputations. This blog post examines the corruption risks present in organizations under certain conditions and...
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...
May 8, 2024Corruption is an unfortunate reality that can remain unnoticed for a prolonged period, notably when an organization lacks a robust anti-corruption culture. Corruption risks decrease when the board members and executive management are well-versed in anti-corruption practices. By participating in The AACI programs, you can become well-informed about anti-corruption...
Mike J. MasoudApril 4, 2024Whistleblowing stands as an unparalleled force in the battle against fraud and corruption. Its potency lies not only in its effectiveness but also in its cost-efficiency. As the vanguards of integrity, whistleblowers play a pivotal role in unveiling malfeasance and upholding integrity within organizations. However, their...
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...
Technical StaffMarch 10, 2024Fraud and corruption remain persistent challenges in both the public and private sectors, undermining organizational integrity and eroding public trust. In our opinion, it is necessary to examine the multifaceted motives that drive senior managers or officers to engage in such misconduct. By comprehensively understanding these motives,...
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