Compliance
New Zealand Is Least Corrupt Jurisdiction - Index

Asian and European jurisdictions fared well in measures of corruption and transparency.
Australia’s financial services sector has endured a torrid period
of scandals and calls for regulatory reform but the country may
be relieved to learn that it ranks second only to its neighbour,
New Zealand, in being the least challenged by corruption,
according to a global survey.
The
Risk Advisory Group produced an index revealing the countries
that pose the most and fewest corruption challenges for foreign
investors.
New Zealand, Australia, the UK, France and Singapore are the
least challenged by corruption, in descending order, while the
most challenged is Turkmenistan, followed by Libya, Somalia,
Yemen and North Korea. On the Corruption Threat Score, meanwhile,
New Zealand also has the lowest score, ahead of Singapore and
Ireland in second and third place, respectively. On the flipside,
Libya has the largest threat, followed by Somalia and Yemen in
second and third place, respectively.
The organisation is one of several groups, such as Transparency
International, that tracks corruption, bribery and associated
problems in jurisdictions around the world.
Turning to finding out information, the report found that
Turkmenistan is the most opaque jurisdiction, followed by Libya
and Somalia. New Zealand, Australia and the UK are the most
open.
In what may be a cause for concern for the world’s largest
economy, the US does not appear in the top ten for any of the
rankings showing countries with the least problems.
Findings are based on Risk Advisory's experience of carrying out
in-depth investigations and due diligence around the world during
the previous year.
Construction and development, infrastructure, and oil and gas
emerge as the most challenging industry sectors from a corruption
point of view globally.
“It remains the case, however, that the laws against corrupt
activity are only as strong as the institutions and individuals
whose job it is to enforce them,” Chris Rowley, head of business
intelligence and investigations, said.