Transparency International Releases Corruption Perceptions Index
2019-02-25 14:04 Monday
Transparency International (TI) just released its 2018 CPI. The CPI remains an important indicator for companies to manage corruption risks when doing business abroad.
Transparency International reports the Asia-Pacific region is making slow progress in fighting corruption. For the third year in a row, the Asia-Pacific region's CPI averaged 44, which is on par with the Americas (average 44) and behind the European Union (average 66).
At the same time, China's global ranking fell 10, the CPI scores dropped 2% in 2018. However, China continues to intensify anti-corruption. In recent months, we have seen significant breakthroughs by the Chinese government in strengthening its anti-bribery law enforcement.
In October 2018, China revised its Criminal Procedure Law to introduce an absentia judgment procedure for defendants who absconded abroad for bribery and corruption.
In late December 2018, the national development and reform commission issued guidelines to help Chinese companies doing business overseas implement compliance management and identify compliance risks.
The latest CPI for 2018 was released on Jan 29, 2019. Transparency International's CPI is a global gauge of public sector corruption. It provides a snapshot of relative levels of corruption by ranking countries around the world. The 2018 CPI ranks 180 countries and regions, based on expert assessments and surveys of business people.
A country or region score indicates a perceived level of public sector corruption, from 0(highly corrupt) to 100(very clean). The ranking of a country or region indicates its position in the index relative to other countries or regions. While some countries in the Asia-Pacific region have risen in global rankings, their CPI scores have actually shown little improvement.