Corruption in Iceland describes the prevention and occurrence of

corruption Corruption is a form of dishonesty or a criminal offense which is undertaken by a person or an organization which is entrusted in a position of authority, in order to acquire illicit benefits or abuse power for one's personal gain. Corruption m ...

Iceland Iceland ( is, Ísland; ) is a Nordic island country in the North Atlantic Ocean and in the Arctic Ocean. Iceland is the most sparsely populated country in Europe. Iceland's capital and largest city is Reykjavík, which (along with its s ...

Extent

According to several sources, corruption is not common on a daily basis in

. However, the

global financial crisis Global means of or referring to a globe and may also refer to: Entertainment * ''Global'' (Paul van Dyk album), 2003 * ''Global'' (Bunji Garlin album), 2007 * ''Global'' (Humanoid album), 1989 * ''Global'' (Todd Rundgren album), 2015 * Bruno ...

and subsequent revelations have had a negative impact on the integrity and independence of Iceland's governing institutions.

Transparency International Transparency International e.V. (TI) is a German registered association founded in 1993 by former employees of the World Bank. Based in Berlin, its nonprofit and non-governmental purpose is to take action to combat global corruption with civil ...

's 2023

Corruption Perceptions Index The Corruption Perceptions Index (CPI) is an index which ranks countries "by their perceived levels of public sector corruption, as determined by expert assessments and opinion surveys." The CPI generally defines corruption as an "abuse of entru ...

scored Iceland at 72 on a scale from 0 ("highly corrupt") to 100 ("very clean"). When ranked by score, Iceland ranked 19th among the 180 countries in the Index, where the country ranked first is perceived to have the most honest public sector. For comparison with worldwide scores, the best score was 90 (ranked 1), the average score was 43, and the worst score was 11 (ranked 180). For comparison with regional scores, the highest score among Western European and European Union countries was 90, the average score was 65 and the lowest score was 42. According to

GRECO Greco may refer to: People * Greco (surname), a list of people with this surname * a masculine variant of Greca (given name), an Italian feminine given name * Greco Mafia clan, one of the most influential Mafia clans in Sicily and Calabria Wine ...

's evaluation report 2013, the Icelandic political system was weakened by potential

nepotism Nepotism is an advantage, privilege, or position that is granted to relatives and friends in an occupation or field. These fields may include but are not limited to, business, politics, academia, entertainment, sports, fitness, religion, an ...

, close personal relationships between public officials and business and political patronage at the local level. In general, businesses do not consider corruption an obstacle for doing business in Iceland, according to

World Economic Forum The World Economic Forum (WEF) is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, ...

Global Competitiveness Report The ''Global Competitiveness Report'' (GCR) is a yearly report published by the World Economic Forum. Since 2004, the ''Global Competitiveness Report'' ranks countries based on the Global Competitiveness Index, developed by Xavier Sala-i-Martin an ...

2013-2014.

Notes

References

External links

Iceland Corruption Profile
from the

Business Anti-Corruption Portal The Risk & Compliance Portal (formerly The Business Anti-Corruption Portal) is a powerhouse for business anti-corruption information offering tools on how to alleviate or reduce risks and costs of corruption when doing business abroad. All the inf ...

{{Panama Papers

Crime in Iceland by type Politics of Iceland