TRACE Releases 2021 Bribery Risk Matrix
PR93123
ANNAPOLIS, Md., Nov. 17, 2021 /PRNewswire=KYODO JBN/ --
TRACE [
], a globally recognized business association dedicated to anti-bribery, good
governance and compliance, has released the 2021 Bribery Risk Matrix [
], which measures business bribery risk in 194 economies. According to this
year's data, North Korea, Turkmenistan, Eritrea, Venezuela and Somalia present
the highest commercial bribery risk, while Denmark, Norway, Sweden, Finland and
New Zealand present the lowest.
Other notable findings:
- Over the past 10 years, the business bribery risk environment worsened
significantly in countries that also experienced democratic backsliding:
Egypt, Venezuela, Turkey, Poland and Hungary.
- Over the past five years, the business bribery risk environment in the
United States worsened significantly when compared with global trends.
- From 2020 to 2021, all of the Gulf Cooperation Council (GCC) countries
saw increases in commercial bribery risk.
- Over the past five years, the countries that have shown the greatest
trend toward improvement in the factors underlying commercial bribery
risk are Uzbekistan, the Gambia, Armenia, Malaysia and Angola.
Originally published in 2014 to meet a need in the business community for more
reliable information about bribery risk worldwide, the TRACE Matrix addresses
the likelihood of encountering bribe demands when doing business in a given
jurisdiction.
"Coming out of a record year for U.S. Foreign Corrupt Practices Act fines and
penalties, anti-bribery compliance is top of mind for multinational companies,"
TRACE President Alexandra Wrage said. "We are pleased to bring another edition
of the TRACE Matrix, which companies rely on to identify considerations for
managing bribery risk in the markets where they operate."
The TRACE Matrix helps companies examine the conditions that allow commercial
bribery to flourish: (1) the nature and extent of government interaction with
the private sector; (2) societal attitudes toward bribery and the government's
ability to enforce anti-bribery laws; (3) governmental transparency; and (4)
civil society's ability to monitor and expose corruption.
The TRACE Matrix is publicly available at TRACEinternational.org/trace-matrix [
]. Access the Matrix Data Browser at matrixbrowser.TRACEinternational.org [
].
View a 90-second video [
] about the TRACE Matrix.
About TRACE
TRACE is a globally recognized business association dedicated to anti-bribery,
compliance and good governance and leading provider of shared-cost third party
risk management solutions. Members and clients include over 500 multinational
companies located worldwide. TRACE is headquartered in the United States and
registered in Canada, with a presence on five continents. For more information,
visit www.TRACEinternational.org.
SOURCE TRACE
CONTACT: Gigi O'Connell, goconnell@traceinternational.org
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