- Risk key
- Low
- MODERATELY LOW
- MODERATE
- MODERATELY HIGH
- HIGH
Singapore Corruption Report
Last updated:
Snapshot
Singapore ranks among the least corrupt countries in the world. Companies face very low risks of corruption in the city state, which has numerous safeguards and rigorous audit controls. Key anti-corruption legislation includes the Penal Code and the Prevention of Corruption Act (PCA), which prohibit active and passive bribery, gifts and facilitation payments in the public and private sector. Maximum punishment includes fines of up to SGD 100,000 (approx. USD 80,000), prison sentences of up to seven years and in some instances both. Facilitation payments, bribery and gifts are uncommon in business transactions. Singapore has ratified the United Nations Convention against Corruption.