TRACE Bribery Risk Matrix

The TRACE Bribery Risk Matrix is a tool that evaluates countries’ vulnerability to bribery and corruption in foreign business transactions. It assesses factors like the legal environment, cultural attitudes, and economic conditions to produce a score indicating the likelihood of encountering bribery. A higher risk score suggests greater chances of corruption, helping companies understand potential challenges when operating abroad. It’s used as a strategic guide to identify and mitigate bribery risks in international business practices.