15 November 2022
ANNAPOLIS, MD, U.S.—15 November 2022—TRACE, a non-profit international business association dedicated to anti-bribery, compliance and good governance, has released the 2022 Bribery Risk Matrix, which measures business bribery risk in 194 jurisdictions. According to this year's data, North Korea, Turkmenistan, Equatorial Guinea, Syria and Venezuela present the highest commercial bribery risk, while Norway, New Zealand, Sweden, Switzerland and Denmark present the lowest.
Other notable findings:
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.
“While there have been encouraging signs of decreasing tolerance for corruption, the problem remains grave and widespread,” TRACE President Alexandra Wrage said. “In this climate, it is critical that the business community bolsters its efforts to tame the illicit economic incentives that threaten to undermine order and good governance. With this year’s edition of the Bribery Risk Matrix, TRACE continues to provide companies with the information they need to assess and manage bribery risk in the markets where they operate.”
The TRACE Matrix helps companies examine the conditions that underpin business bribery risk: (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.
View a 90-second video about the TRACE Matrix.
TRACE is a non-profit international business association dedicated to anti-bribery, compliance and good governance. Founded in 2001 to make it easier and less expensive for companies to navigate and mitigate business bribery risk, TRACE is credited with establishing anti-bribery standards that have been adopted by hundreds of companies worldwide. Driven by the needs of its members, TRACE is continuously developing tools and resources that power compliance programs. TRACE is headquartered in the United States and registered in Canada, with a presence on four continents. For more information, visit www.TRACEinternational.org.
PR & Communications Associate, TRACE