The index ranks 180 countries and territories across the global on their perceived level of public sector corruption on a scale from 0 to 100.
Key insights from this year’s index include:
➡️ Since 2012, 148 countries have maintained or lowered their scores;
➡️ The average Middle East and North Africa (MENA) score rose by 1 point to 39, the first increase in over 10 years;
➡️ Sub-Saharan Africa continues as the region with the lowest average score with progress hampered by climate change and conflict;
➡️ The Asia Pacific (APAC) region’s average score declined despite a variety of countries improving; and
➡️ Western Europe and the EU declined in average score due to poorly enforced legislation and leaders’ perceived business interests.
✅ Firms should review their Risk Assessment frameworks to ensure they account for evolving bribery and corruption risks across relevant jurisdictions.
💡 Plenitude Compass has been developed specifically for Financial Crime Compliance teams to keep you informed of changes to geographical risk and its implications for numerous financial crime controls. Visit our website for more information. https://www.plenitudeconsulting.com/services/regtech-products/compass