Corruption Challenges Index 2018 | Press Release

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Corruption Challenges Index 2018 | Press Release

The Risk Advisory Group Ltd (‘Risk Advisory’) has released the Corruption Challenges Index 2018 – which reveals the countries and markets that pose the most, and fewest, corruption challenges for investing businesses.

VIEW THE CORRUPTION CHALLENGES INDEX 2018

Scoring for the index is based on the threat of corruption, the exposure of foreign investors to it, the availability of reliable information upon which to base integrity investigations in each country.
 

Key findings:
  • Turkmenistan is the country where businesses face the biggest corruption challenges, followed by Somalia and then Libya.
  • Europe generally performs well in the index and dominates the list of least challenging countries.
  • The ability to source reliable data is at its worst in Turkmenistan, North Korea and Laos – marked as Opacity scores on the maps.
  • Construction and developmentinfrastructure, and oil and gas emerge as the most challenging industry sectors from a corruption point of view globally.

Key features:
  • Three maps visually representing Corruption Challenges, Corruption Threat, Opacity
  • Top 10 league tables – Corruption Challenges, Corruption Threat, Opacity
  • Top 3 sectors exposed to corruption globally
  • Viewpoints – analysis from regional experts on what the data shows

Click on the link below to view the global mapsleague tables and analysis from our regional experts, to better understand the unique corruption challenges of countries. 
www.riskadvisory.com/campaigns/corruption-challenges-index-2018 

 
Key Quotes

Global
“The due diligence process for potential investors is not always as painful as they fear.”
- Tom Russell, Director of Business Intelligence

Africa
“Not everything in Africa is doom and gloom, and in our experience, some of the old tropes about African corruption are overstated or incorrect.”
- John Siko, Head of Business Intelligence, Africa

Americas
“Corruption investigations in Latin America have brought former heads of state to prison. Whether this demonstrates their effectiveness or a sign of pervasiveness of the problem – we should not ignore the strides countries have taken to fight corruption.”
- Steffi Probst, Head of Business Intelligence, Americas

Asia
“Given its importance as a destination for foreign investment and a key driver of global economic growth, countries in the Asia Pacific region probably represent the greatest challenge for anti-corruption practitioners.”
- Brendan McGloin, Head of Business Intelligence, Asia

Europe
“There have also been encouraging signs that corporate attitudes to corruption, at least in western Europe, will continue to improve.”
- Goran Maksimovic, Head of Business Intelligence, Europe

Middle East & North Africa
“Navigating the complex web of state enterprises, merchant families and parastatal entities in the Middle East is challenging. Personal connections and political leverage are key to success, yet present corruption and regulatory risks to global partners.”
- Shahin Shamsabadi, Head of Business Intelligence, Middle East & North Africa

Russia, Eastern Europe & Eurasia
“'Russia is never as strong as she looks; Russia is never as weak as she looks.' No matter who actually said this – Talleyrand, Metternich or Churchill (or none of them) – we could apply this to Russia’s fight with graft.”
- Oleg Babinov Head of Business Intelligence, Russia, Eastern Europe & Eurasia

 

***END***


 

For additional information or to speak to any of the Business Intelligence team, please contact media@riskadvisory.com in the first instance.

The Risk Advisory Group
3 More London Riverside
London
SE1 2AQ

www.riskadvisory.com  |  @riskadvisory

 

Key referencing terminology/notes to press
“The Risk Advisory Group”

About Business Intelligence
Risk Advisory provides intelligence services in support of board-level decisions related to capital projects, strategic expansion, major competitive tenders and other opportunities.

We provide decision-makers with clarity and insight to enable them to take informed decisions in uncertain political, regulatory and commercial conditions.

About The Risk Advisory Group
The Risk Advisory Group is a leading independent global risk consultancy that helps businesses grow whilst protecting their people, their assets and their brands. By providing facts, intelligence and analysis, The Risk Advisory Group helps its clients negotiate complex and uncertain environments to choose the right opportunities, in the right markets, with the right partners. The company was founded in 1997, employs over 200 people and has offices in Washington DC, London, Moscow, Dubai, Beirut and Hong Kong.

Further information is available at www.riskadvisory.com
Logo https://www.riskadvisory.com/images/risk-advisory-logo.svg

About Corruption Challenges Index 2018
Risk Advisory’s Corruption Challenges Index 2018, our second edition. Like our first survey, this draws on our direct experience of working in the world’s most challenging countries, revealing the markets that pose the most – and the fewest – corruption challenges for foreign investors. We have evaluated various factors – local corruption threat, foreign investors' exposure, the level of FCPA enforcement action – and have refracted these through the prism of accessibility and availability of information when carrying out investigative research.

The countries that pose the greatest challenges are not necessarily bad places to do business: for some countries and sectors, the higher the risk, the greater the reward. But an essential part of navigating these challenges is to have a robust risk mitigation programme in place, based on adequate integrity due diligence.
Our survey shows that gathering sufficient, reliable information for due diligence can be challenging. And that is where our team of experienced researchers and country experts can add the most value – by providing local knowledge, networks and language capabilities to help companies accurately assess the business environment and protect themselves.

Methodology & further information is available at:
https://www.riskadvisory.com/campaigns/corruption-challenges-index-2018

Social Media hashtag
#CorruptionChallengesIndex

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Published: 17th May 2018
Categories: Press Releases