Swimming Risky Waters: Industries Prone To Corruption

Nowadays, risks on international arena are growing in a very sophisticated fashion for companies going abroad and investing in other countries. Corruption appears to be one of the ever increasing risky areas for investors for a number of reasons, but mainly due to developments in the legislative framework both at international and national levels and increasing number of effective regulatory bodies.

Even though there can be realistically no guarantees in total compliance against corruption risk in any of the industries in anywhere in the world, there is almost a worldwide consensus on sectors traditionally deemed to be prone to corruption. Usual suspects among the industries are not surprising to most. According to Bribery Payers Index of Transparency International (TI)[1], most corruption risky sectors in the world are, respectively, construction, real estate, oil&gas, extractive industries, energy and logistics. In the meantime, industries appear to be relatively