Every year for the past decade, the Not-for-profit (NFP) sector has been voted the most trusted in the world – but just how valid is that ranking when it comes to the ‘F’ word (fraud) and corruption? The sector itself remains highly vulnerable, as it is almost completely reliant on developing and maintaining a high level of public and donor trust. Despite this, there continues to be an explained complacency when it comes to the topic of fraud. More
Is your corruption prevention program going to deal you a winning hand, or will it collapse like a house of cards? In today’s increasingly complex global environment, it’s no longer a question of whether an organisation has an anti-corruption framework in place, but how robust that framework actually is. Corruption prevention and compliance programmes that fail to stand up to scrutiny when stress-tested, can have significant and far-reaching consequences. More
According to the UNDP, funds lost to corruption in the Global South are 10 times the amount of official development assistance (ODA), while the World Bank estimates that each year between 20% and 40% of ODA itself is “stolen” by public officials. It does not end here though, as its pervasiveness and magnitude – when combined with the risks inherent to the non-profit sector – has now reached the point where corruption is perverting NGO’s missions. At stake here is the accountability and credibility of the sector as a whole. But are its leaders up to the challenge?
Read any article on corruption prevention, and the first thing you’ll be told is that ‘political will’, or the tone at the top, is the foundation of any successful anti-corruption effort. But what if a country’s leader, whose ethics and integrity should be beyond question, isn’t as principled as they should be? True to the old adage that ‘absolute power corrupts absolutely’, we have compiled a list of the ten most corrupt world leaders of recent history. More
Sport is now the dominating source of entertainment worldwide. Just under the surface though, is a darker, shadier world where corruption (usually in the form of bribery, match-fixing, extortion, doping and money laundering) is common place. Sports NGOs are particularly vulnerable to these activities, with this article exploring why – and what can be done about it – in more detail. More
Currently estimated to cost five per cent of the world’s total GDP, or US$2.6 trillion per annum, corruption is now the third largest industry globally and is growing. In response, anti-corruption legislation around the world is being strengthened, with a growing emphasis now placed on enforcement and compliance. Organisations not only need to have an anti-corruption programme in place, but are increasingly required to prove its effectiveness.