Country for PR: United States
Contributor: PR Newswire New York
Wednesday, November 16 2022 - 00:00
AsiaNet
TRACE Releases 2022 Bribery Risk Matrix
ANNAPOLIS, Md., Nov. 15, 2022 /PRNewswire-AsiaNet/ --

TRACE [ 
https://c212.net/c/link/?t=0&l=en&o=3707764-1&h=1798229952&u=https%3A%2F%2Fwww.traceinternational.org%2F&a=TRACE 
], a non-profit international business association dedicated to anti-bribery, 
compliance and good governance, has released the 2022 Bribery Risk Matrix [ 
https://c212.net/c/link/?t=0&l=en&o=3707764-1&h=2977589041&u=https%3A%2F%2Fwww.traceinternational.org%2Ftrace-matrix&a=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:

    - The United States ranked 16th and scored 19 out of 100. The enforcement
      environment hasn't improved since a slump during the Trump
      administration, and the free press environment continues to decline.
    - Ukraine ranked 103rd and scored 52 out of 100. While governmental anti
      bribery enforcement declined in the lead-up to Russia's invasion, Ukraine
      has made significant strides in e-government services, and in reducing
      state ownership of the economy and red tape. [Please note most of the
      data used in the 2022 Matrix was gathered prior to Russia's invasion of
      Ukraine.]
    - Germany, Austria and Poland experienced backsliding in areas TRACE
      considers to be key factors in the business bribery risk environment.
    - Hong Kong's rank and score worsened again, continuing a trend that began
      in 2020.

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.

The TRACE Matrix is publicly available at TRACEinternational.org/trace-matrix [ 
https://c212.net/c/link/?t=0&l=en&o=3707764-1&h=41054829&u=https%3A%2F%2Fwww.traceinternational.org%2Ftrace-matrix&a=TRACEinternational.org%2Ftrace-matrix 
]. Access the Matrix Data Browser at matrixbrowser.TRACEinternational.org [ 
https://c212.net/c/link/?t=0&l=en&o=3707764-1&h=3960992707&u=https%3A%2F%2Fmatrixbrowser.traceinternational.org%2F&a=matrixbrowser.TRACEinternational.org 
].

SOURCE  TRACE

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

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