La Lucha Contra el Soborno y la Corrupción: Guía para inversionistas y empresas

The cost of bribery and corruption is immense

Every year, corruption losses represent over 5% of global GDP (US$2.6 trillion)1 and bribes exceed US$1 trillion.2 This is a cost which can be brought to bear on companies and their investors, and one that is detrimental to governments and society. Corruption adds up to 10% to the cost of doing business globally and up to 25% to the cost of procurement contracts in developing countries.

Corruption is best understood as a shorthand reference for a wide range of activities that encompasses bribery as an important subset.4 Corruption scandals including bribery, fraud, rate and test rigging, can prove catastrophic to companies, as shown below...