Business Corruption in Sweden
Sweden criminalises most forms of corruption, and the rule of law is considered strong. The country is consistently ranked among the least corrupt nations. Companies are unlikely to encounter bribery when doing business in Sweden. Even though public surveys show that Swedes consider the level of corruption to be increasing, reported occurences are minimal, with petty corruption being virtually non-existent.
The institutional framework is regarded as efficient in curbing corruption, and public agencies are characterised by a large degree of accountability, integrity and transparency. Swedish legislation does not make any distinction between bribery and facilitation payments, meaning that facilitation payments are prohibited. Companies should note that the code on gifts, rewards and other benefits in business has been published as a supplement to the changes made to the Penal Code in mid-2012.
A number of municipal cases involving bribery, collusion and irregular procurement procedures between private and public actors indicate that municipal administrations must strengthen auditing procedures and mechanisms for preventing conflicts of interest. Sweden has been criticised by the OECD for not effectively enforcing foreign bribery laws against companies operating abroad.
Follow this Business Corruption in Sweden link to access the complete Sweden country profile, or use the navigation menus to access all anti-corruption compliance resources.
Publication date: September 2014
Data verified by GAN Integrity Solutions