Supriya Ghosh (Editor)

Corruption in Switzerland

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Corruption in Switzerland

Corruption in Switzerland is examined on this page.

Extent

Switzerland has a strong legal framework to combat corruption and several authorities are in charge of curbing the levels of it, particularly when it comes to corruption within Swiss financial institutions. Several sources suggest that the country's fight against corruption has been effective.

The Transparency International Global Barometer 2013 shows that 58% of the surveyed households believe that corruption has not changed over the past two years, and 28% believe that it has actually increased. The same survey also shows that political parties are considered the most corrupt institution in Switzerland.

Regarding business and corruption, companies do not consider corruption a problem for doing business in Switzerland, and Swiss companies are active in Corporate Social Responsibility that are generally in line with OECD Guidelines for multinational enterprises.

But the Swiss system has also enabled some types of organisation to operate with little or no transparency or oversight. For example, International sporting organisations (ISO's) can have the legal status of an international Non Governmental Organisation. Encouraged by the resulting range of legal and fiscal privileges, something like 50 such ISO's are based in the Canton of Vaud alone.

References

Corruption in Switzerland Wikipedia