Country for PR: United States
Contributor: PR Newswire New York
Wednesday, November 13 2019 - 02:12
AsiaNet
TRACE Releases 2019 Bribery Risk Matrix, Launches Bribery Risk Typology
ANNAPOLIS, Maryland, Nov. 13, 2019 /PRNewswire-AsiaNet/ --

TRACE ( 
https://c212.net/c/link/?t=0&l=en&o=2638903-1&h=971634510&u=https%3A%2F%2Fwww.traceinternational.org%2F&a=TRACE 
), the world's leading anti-bribery standard setting organization, has released 
the 2019 TRACE Bribery Risk Matrix ( 
https://c212.net/c/link/?t=0&l=en&o=2638903-1&h=2148562091&u=https%3A%2F%2Fwww.traceinternational.org%2Ftrace-matrix&a=TRACE+Bribery+Risk+Matrix 
), which measures business bribery risk in 200 jurisdictions. TRACE also 
launched the new Bribery Risk Typology and interactive map, which provides 
comparative context for interpreting Matrix scores based on factors such as 
state fragility and economic complexity. Both tools are available in the TRACE 
Matrix data browser ( 
https://c212.net/c/link/?t=0&l=en&o=2638903-1&h=3399441052&u=https%3A%2F%2Fmatrixbrowser.traceinternational.org%2F&a=data+browser 
).

According to this year's TRACE Matrix data, Somalia, South Sudan, North Korea, 
Yemen and Venezuela presented the highest risk of bribe demands. New Zealand, 
Norway, Denmark, Sweden and Finland presented the lowest bribery risk.

"The TRACE Matrix provides multidimensional, actionable insights about business 
bribery risk that can be used by companies to develop more targeted compliance 
procedures," TRACE President Alexandra Wrage said.

Originally published in 2014 to meet a need in the business community for more 
reliable information about commercial bribery risk worldwide, the TRACE Matrix 
addresses the risk that companies will be asked for bribes or will confront 
bribery schemes in a given jurisdiction. 

Publicly available at no cost, the TRACE Matrix helps companies examine the 
following 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 its 
prohibition; (3) the degree of governmental transparency; and (4) the ability 
of civil society to monitor and expose corruption.

The Bribery Risk Typology—new this year—groups jurisdictions based on factors 
that have been identified as having a significant effect on the bribery risk 
environment at the national level, including state fragility, resource wealth, 
enforcement, and economic size and complexity.

"The new Bribery Risk Typology presents practical context helpful for 
interpreting TRACE Matrix scores," Wrage said. "For example, fragile states 
with autocratic regimes can be expected to present a different set of concerns 
than stable, economically complex democracies. The Bribery Risk Typology allows 
users to draw more meaningful conclusions than would be possible from a simple 
global ranking."

The TRACE Matrix is publicly available at traceinternational.org/trace-matrix. 
The Matrix Data Browser can be found at matrixbrowser.traceinternational.org.

View a 90-second video about the TRACE Matrix here ( 
https://c212.net/c/link/?t=0&l=en&o=2638903-1&h=3594568878&u=https%3A%2F%2Fyoutu.be%2Fj9qjiKlmdKQ&a=here 
).

About TRACE
TRACE is a globally recognized anti-bribery business association and leading 
provider of shared-cost third party risk management solutions. To learn more 
about TRACE, visit www.TRACEinternational.org.

SOURCE: TRACE

CONTACT: Gigi O'Connell, goconnell@traceinternational.org 
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