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A country-by-country assessment of bribery risk

Jaclyn Jaeger | January 4, 2017

Chief compliance and risk officers have a newly published resource by which to assess the level of business-related bribery risk in the countries where they operate.

TRACE International, a non-profit business association, this month published its latest TRACE Matrix, a bribery risk index specifically tailored to the needs of companies. Developed in collaboration with research firm RAND, the TRACE Matrix ranks each country based not only on an overall business bribery-related risk score, but also on specific bribery-related risk factors unique to each country.

“By providing granular business bribery risk information, the TRACE Matrix has helped us refine our internal anti-corruption risk matrix and to identify in which markets we will conduct in-person, anti-corruption monitoring visits,” said Gregory Bates, director of ethics and compliance for Latin America at cosmetics company Avon Products.

First published in 2014—and updated every two years—the TRACE Matrix... To get the full story, subscribe now.