ANNAPOLIS, Md., 19 November 2020 / PRNewswire / – Trace, A globally recognized trade association dedicated to bribery, good governance and compliance, has released 2020 Trek bribery risk matrix, Which measures trade bribery risk in 194 courts. According to this year’s data, North Korea, Turkmenistan, South Sudan, Venezuela And Eritrea The highest commercials offer bribery, while Denmark, Norway, Finland, Sweden And New zealand Offer the lowest.
Other notable findings:
- United States It has fallen eight places in the rankings since 2019 and dropped out of 15 of the top 20Th On 23Third.
- South americaOn average, broadly improved since 2019 Latin america The region remained largely unchanged.
- China It has potentially helped reduce opportunities for bribes by public officials to streamline its bureaucracy.
- Somalia Dropped out of the bottom ranking, which it held from 2017 to 2019, and is now ranked 187Th Of 194.
Originally published in 2014 to fulfill a need in the business community for more reliable information about the risk of bribery worldwide, the TRACE Matrix faces bribery demands when trading in a given jurisdiction Addresses the possibility of doing. This year’s edition includes an updated selection of datapoints to ensure that the TRACE matrix is based on the most recently available information.
“The TRACE matrix is designed to keep businesses in mind by aggregating a number of relevant data sources, which are not limited to showing a general perception of corruption, but also the country’s commitment to regulatory change, increased transparency, public modernization and Empowering civil society, ”said Gonzalo Guzman, Anti-Corruption at the Global General Council, Unilever. “We appreciate and recognize the efforts that TRACE makes to keep this tool publicly available at no charge and we continue to use it as an external country risk source for our global risk assessment Look forward to it. “
“Effective compliance programs should be tailored to address specific risk companies encounter on the ground,” TRACE President Alexandra Wrage What was said. “The TRACE Matrix helps compliance teams make informed decisions on how to reduce bribery risk based on geographic change, an important component of any risk assessment.”
The TRACE matrix helps companies investigate situations that allow commercial bribery to flourish: (1) the nature and extent of government interactions with the private sector; (2) the social attitude towards bribery and the government’s ability to enforce anti-bribery laws; (3) government transparency; And (4) the ability of civil society to monitor and expose corruption.
TRACE matrix is publicly available TRACEinternational.org/trace-matrix. Access the matrix data browser matrixbrowser.TRACEinternational.org.
A 90 second view Video About the TRACE matrix.
TRACE is a globally recognized business association dedicated to a leading provider of anti-bribery, compliance and good governance and shared-cost third-party risk management solutions. Members and customers include more than 500 multinationals located worldwide. TRACE is headquartered in United States And registered in CanadaWith an appearance on five continents. For more information, visit www.TRACEinternational.org.
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