On 13 November, TRACE published the latest Matrix which measures business bribery risk in 200 countries, territories, and autonomous and semi-autonomous regions. The overall country risk score is a combined and weighted score of four domains: Business Interactions with Government; Anti-Bribery Deterrence and Enforcement; Government and Civil Service Transparency; and Capacity for Civil Society Oversight, including the role of the media. TRACE has also launched the Bribery Risk Typology and interactive map, which provides comparative context for interpreting Matrix scores based on factors such as state fragility and economic complexity. According to this year’s data, Somalia, South Sudan, North Korea, Yemen and Venezuela presented the highest risk of bribe demands. New Zealand, Norway, Denmark, Sweden and Finland presented the lowest bribery risk.
Following changes to the EU sanctions list, a Notice from HM Treasury advises changes to the details of 8 individuals’ entries on the Venezuelan sanctions lists.