2. Know your Country - Horizontal.png


Considering the nature of the relevant industry sector, if applicable, and its susceptibility to bribery and corruption in that jurisdiction.

Industry Sector Risks

A number of international agencies publish reports relating to deemed higher risk industry sectors. These include, FATF. The European Banking Association, NAICS (US) and EU Commission guidelines.

Furthermore, as countries release National Risk Assessments, further industry sector risks are being acknowledged. Other industry sector information specific to countries can be found widely on-line.

From time to time Transparency International publishes a Bribe Payer’s index that is an average score of the answers to questions relating to the perceived frequency of engagement in bribery of low-level public officials, the use of improper contributions to high-ranking politicians or political parties to achieve influence and the payment or receiving of bribes from other private firms.

Trading Industries and Partner Risks

Understanding local trade and export/import industries and partners can both help avoid the enablement of transgressing local laws or investment restrictions in any one particular country or, indeed, help mitigate the risk in any particular financial transaction through the comfort that any particular financial transaction relates to business that might be in line with typical economic activity in that country.

The UN Comtrade website includes a huge database of Trade & Export/Import industries and partners on a country by country basis.

The CIA World Fact Book provides information on the economies of all countries including major industries, imports, exports, and trading partners.