China is the country where businesses face the most potent combination of corruption risk and difficulty in obtaining a clear picture of the local business environment, followed by Iraq and then Nigeria. Companies can expect to encounter more corruption challenges in Asia and in Africa than in any other region – and least in Europe.
That is according to the Corruption Challenges Index, by the London-based risk management consultancy Risk Advisory. It ranks 181 countries by local threat of corruption; how exposed foreign investors are to corruption itself as well as to FCPA enforcement action; and availability of reliable information to conduct integrity due diligence and mitigate the risk of dealing with corrupt parties.
Bill Waite, Group Chief Executive Officer of The Risk Advisory Group said: “High levels of corruption risk need not preclude a market from a company’s expansion plans for 2017. And indeed in certain industries the riskiest countries are often the most rewarding.”
