CredAbility is privately held Swedish company founded in 2018 by a team of internationally experienced anti-corruption and business integrity experts.
2/3 of all countries in the world are corrupt or very corrupt. Corruption costs 10 % of global trade and 7 % of the turnover in an average US company. For Telia Company, corrupt business practices cost 960 million USD in legal fines. Money-laundering, intimately related to the processing of bribes, caused the value of Danske Bank to plummet 100 billion kronor.
International laws require companies to actively prevent corruption and have proven, adequate procedures in place. Failing to do so, is a criminal offence.
Sweden is one of the world´s least corrupt countries. Yet, 47 per cent of companies in Sweden say they have been subject to economic crime. No organisation today, regardless of location, is unchallenged.
What we see is only perception. Most of the time, it is only the tip of an iceberg. This is reflected in the philisophy of CredAbility and in our logo.
Our vision is to empower companies and investors to take control of how their organisations or assets manage corruption and integrity risks. We want to shape how modern asset management is perceived, by turning anti-corruption efforts into effective value.