For the first time in the index's 15 year history, the United States was removed from Transparency International's Top 20 Least Corrupt Nations. United States' drop in the index (to 7.1 out of 10) was in part due to political funding disputes, the subprime mortgage crisis, and the disclosure of Bernard Madoff’s Ponzi scheme. The Top 20 Least Corrupt Countries include Denmark (1), New Zealand (1), Singapore (1), Finland (4), Sweden (4), Canada (6), Australia (8), Switzerland (8), Iceland (11), Hong Kong (13), Ireland (14), Germany (15), Japan (17), United Kingdom (20). The United States ranked 22nd behind Chile (21).
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