TRACE International Releases the 2023 Bribery Risk Matrix
ANNAPOLIS, Md., Nov. 14, 2023 /PRNewswire/ -- TRACE , a non-profit international business association dedicated to anti-bribery, compliance, and good governance, has released the 2023 Bribery Risk Matrix , which measures business bribery risk in 194 jurisdictions.
- ANNAPOLIS, Md., Nov. 14, 2023 /PRNewswire/ -- TRACE , a non-profit international business association dedicated to anti-bribery, compliance, and good governance, has released the 2023 Bribery Risk Matrix , which measures business bribery risk in 194 jurisdictions.
- According to this year's data, North Korea, Turkmenistan, Syria, Equatorial Guinea, and Yemen present the highest commercial bribery risk, while Norway, New Zealand, Switzerland, Sweden, and Denmark present the lowest.
- Originally published in 2014 to meet a need in the business community for more reliable information about bribery risk worldwide, the TRACE Matrix helps companies examine the conditions that underpin business bribery risk.
- Companies, however, need to understand the sources and multifaceted character of corruption to better target risk."