Technical Staff May 23, 2023In today’s complex business landscape, the critical issue of corruption looms as a persistent threat. Its damaging impact can erode trust, impair reputations, undermine human rights, wipe out innovation, and pave the way for money laundering and financing terrorism: it is the cancer of nations and...
Mike MasoudMay 21, 2023The AACI defines fighting corruption as follows: “It is a process effected by those charged with governance, employees, citizens, and other stakeholders to provide a reasonable assurance that those entrusted with power do not abuse it for private gain. It is 1. Holistic, 2. Continuous, 3. Results-oriented,4. Multidisciplinary, and 5. Encompasses all economic sectors (private and...
The Ten Principles of Fighting CorruptionThe office of the President. Tempe, May 17, 2023Dear The AACI Stakeholders,I am pleased to announce that The American Anti-Corruption Institute (AACI) has recently published The Ten Principles of Fighting Corruption on its website (click here). These principles cover a range of topics, including the...
Technical StaffApril 28, 2023The American Anti-Corruption Institute (AACI) believes the fight against corruption is a complex socioeconomic battle that mandates more than just the enactment of laws, rules, regulations, and the creation of anti-corruption agencies. The most significant challenge in this fight is the need for more trust between citizens...
Technical staffApril 24, 2023AbstractIn this piece, we delve into the reasons behind a nation’s inability to succeed, focusing on internal and external factors. Factors that originate internally, such as weak institutions, corruption, and conflict, can all act as obstacles to a country’s growth and prosperity. In addition, external events, including...
Technical StaffMarch 21, 2023Earlier this month, the failures of Silicon Valley Bank and Signature Bank caused widespread fear and concern in both local and global markets. However, timely government intervention helped maintain public confidence in financial institutions and capital markets, preventing further damage. There are both monetary and nonmonetary costs...
Organizations must assess corruption risks regularly to identify potential vulnerabilities, implement appropriate preventive measures, and ensure that their systems and controls are robust and effective. Failure to do so can have serious consequences, including legal and reputational damage, financial loss, and a loss of stakeholder trust and confidence.
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