Navigating Corruption Risks in Turkey

Turkey is an attractive market for foreign investors with a population of 85 million people, a geostrategic location straddling Europe and Asia, and a GDP exceeding $1 trillion. But Turkey’s anti-corruption track record raises concerns among international observers. For example, in Transparency International’s 2024 Corruption Perceptions Index, Turkey stood at its lowest score of 34, having been in decline since its peak of 50 in 2013. The Anti-Corruption Report spoke with Serdar Paksoy, founding and senior partner at independent Turkish law firm Paksoy, about the country’s anti-corruption laws, enforcement and related risks for foreign companies. See “How Companies Can Protect Themselves From Secondary Sanctions Liability” (Dec. 4, 2024).

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