The Certified Anti-Corruption Manager (CAMC) is the premier
anti-corruption management credential targeting executive management and those
charged with governance. CACMs do make a difference.
THE AMERICAN ANTI-CORRUPTION INSTITUTE (AACI)
Showing posts with label The AACI. Show all posts
Showing posts with label The AACI. Show all posts
Friday, August 19, 2016
Empowering The Role of Academia in Fighting Fraud and Corruption
The AACI is determined to
support the academia worldwide.
The American Anti-Corruption Institute (AACI): Overview
This is an overview of
The AACI as of September 1, 2016.
Friday, May 1, 2015
A Greek tragedy and an EU crime
Cayman Financial Review
By: L. Burke Files & Mike J. MASOUD
April 22, 2015
Let’s start with being provocative: The utterly corrupt path leading to the Greek debt default theater is filled with faux EU pressures, chicanery and bribes, overt and implied, by all 11 sides.
So what are the corrupt paving stones that make up the path to debt perdition?
1981
It all started with Greece’s membership in the European Community. The EU membership entitled Greece to European Regional Integration funds, the Delors Package I. It also brought new sources to borrow from abroad. In 1981 Greek public debt was €8.5 billion (22.8 percent of Greece’s GDP), by 1991 it was €48 billion (71 percent of GDP). This is a full 10 years before Greece was made a full member of the EU. Did Greece have the institutional capacity to absorb these funds without corruption? Did anyone think to ask?
January 2001
Greece became the 12th member of the eurozone. While many fretted about such an economically weak country joining the euro, Wim Duisenberg, then president of the European Central Bank, assured all that Greece, with the EU’s help, would continue with improvements to its economy that would make euro membership appropriate.
At the time, Greece touted its fiscal reforms to cut the government budget deficit, privatizations and labor market reforms. Today those are the same areas where the troika has demanded action and the Greek government resisted.
2004
Greece admits it may have fudged its bona fides a bit to gain access to the EU club. It seems that since 1999 Greece has not met the deficit target of 3 percent of GDP that applies to all prospective and current members.
As commentators have pointed out, this was in part a consequence of a toothless Eurostat, the EU agency that monitors economic statistics, which was wholly reliant on the data provided by the national governments.
As Matina Stevis pointed out in The Guardian in 2011, “In a time when the EU issues regulations on the permissible size and shape of fruit, there are no excuses for not having in place a strict framework for the generation of statistical information.”
2004 to 2009
Greece is a big spender. Athens hosted the Olympics at extravagant expense. The estimated cost of the Olympic Games is a stunning $14 - 15 billion. No game in the history of the Olympics has lost more than a tenth of that. Associated Press reported in 2012 that eight years after the Olympic Games many of the facilities were left vacant and rotting.
Many Greeks, even the head of the International Olympic Committee, say hosting the 2004 Olympics contributed to the country’s debt crisis. The Olympic Games was such a bank buster that it was the tipping point starting Greece’s downward slide into debt perdition.
Continue reading
By: L. Burke Files & Mike J. MASOUD
April 22, 2015
So what are the corrupt paving stones that make up the path to debt perdition?
1981
It all started with Greece’s membership in the European Community. The EU membership entitled Greece to European Regional Integration funds, the Delors Package I. It also brought new sources to borrow from abroad. In 1981 Greek public debt was €8.5 billion (22.8 percent of Greece’s GDP), by 1991 it was €48 billion (71 percent of GDP). This is a full 10 years before Greece was made a full member of the EU. Did Greece have the institutional capacity to absorb these funds without corruption? Did anyone think to ask?
January 2001
Greece became the 12th member of the eurozone. While many fretted about such an economically weak country joining the euro, Wim Duisenberg, then president of the European Central Bank, assured all that Greece, with the EU’s help, would continue with improvements to its economy that would make euro membership appropriate.
At the time, Greece touted its fiscal reforms to cut the government budget deficit, privatizations and labor market reforms. Today those are the same areas where the troika has demanded action and the Greek government resisted.
2004
Greece admits it may have fudged its bona fides a bit to gain access to the EU club. It seems that since 1999 Greece has not met the deficit target of 3 percent of GDP that applies to all prospective and current members.
As commentators have pointed out, this was in part a consequence of a toothless Eurostat, the EU agency that monitors economic statistics, which was wholly reliant on the data provided by the national governments.
As Matina Stevis pointed out in The Guardian in 2011, “In a time when the EU issues regulations on the permissible size and shape of fruit, there are no excuses for not having in place a strict framework for the generation of statistical information.”
2004 to 2009
Greece is a big spender. Athens hosted the Olympics at extravagant expense. The estimated cost of the Olympic Games is a stunning $14 - 15 billion. No game in the history of the Olympics has lost more than a tenth of that. Associated Press reported in 2012 that eight years after the Olympic Games many of the facilities were left vacant and rotting.
Many Greeks, even the head of the International Olympic Committee, say hosting the 2004 Olympics contributed to the country’s debt crisis. The Olympic Games was such a bank buster that it was the tipping point starting Greece’s downward slide into debt perdition.
Continue reading
Friday, July 4, 2014
Launching The AACI in Jordan
On Wednesday, June 18, 2014, The AACI launched its operations in Jordan. Administered by The AACI's exclusive approved vendor in Jordan, Albatross Consulting conducted the launch event at Sheraton hotel in Amman. The president of The AACI, Mr. L.b. Files addressed the audience and discussed with them the opportunities and challenges of fighting corruption. The event was attended by the deputy of the Governor of the Central Bank of Jordan, senior financial institutions officials, civic society representatives, academicians, business leaders and other interested parties.
The AACI delivers its services outside the US through local partners. Currently,The AACI has exclusive approved vendors in the Middle East in each of Saudi Arabia, Qatar, and Jordan.
Tuesday, October 29, 2013
The CNBC Arabia Interview with Mike J. Masoud in Doha - Qatar
During the launch mega event The AACI and Birzeit Consulting - Qatar had in Doha - Qatar on Tuesday, October 22, 2013, Mike J. Masoud, The AACI Technical Advisory Director in The Middle East and Africa had an interview with CNBC Arabia where he addressed the mission of The AACI and the role The AACI plays in the Middle East and Africa to prevent corruption. Masoud reiterated that targeting decision makers and those charged with governance is what distinguishes The AACI. "We target them through education, training, and qualifying them to obtain the Certified Anti-Corruption Manager (CACM) credential" Masoud stated.
Masoud urged board of directors and executive management of all entities to have CACMs among them to lower the risk of fraud and corruption.
Masoud stated that fighting corruption is local and countries should have national strategic corruption prevention policies that are designed to be executed effectively and with full accountability.
Monday, March 25, 2013
Get Engaged With Us: Post, Comment, And Have Your Voice Heard Globally Via ALL The AACI's Social Media
As of today March 25, 2013, you will be able to have your say, posts, comments, and feedback on each post at The AACI's Facebook page. Because fighting fraud and corruption is primarily local in nature, The AACI believes that your posts, comments and insights will help The AACI achieves its mission and vision.
As The AACI seeks noble objectives, we expect your comments, posts, and feedback to be in compliance with The AACI's code of ethics that you can reach at The AACI's website. Act today and be part of our global constituents that play a pivotal role in shaping the innovation in fighting fraud and corruption.
As The AACI seeks noble objectives, we expect your comments, posts, and feedback to be in compliance with The AACI's code of ethics that you can reach at The AACI's website. Act today and be part of our global constituents that play a pivotal role in shaping the innovation in fighting fraud and corruption.
Saturday, January 5, 2013
The American Anti-Corruption Institute (AACI) Launched Its Official Website
The American Anti-Corruption Institute (AACI) Launched Its Official Website earlier this month at www.theaaci.com.
"The AACI Advisory Board approved a grandfather CACM certification path for eligible candidates. Except that the CACM candidate will not sit for the CACM exam, all the reminder eligibility requirements are still valid, required and expected to be completed by a CACM candidate before (s)he becomes qualified as a CACM."
For more information about the grandfather CACM certification path, please visit the AACI website.
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