Private Military and Security Companies: How they fuel corruption and conflict risks and the need for regulation
Regulatory oversight of the private military and security sector is failing to keep pace with the rapidly growing and diversifying industry, leading to heightened global risks of fraud, corruption and violence. Better regulation of the industry is urgently needed.
This three-page fact sheet defines Private Military and Security Companies and outlines the required response.
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Relevant Publications
External Auditing of the Defence Sector in Mali: Challenges and Possibilities
Audit externe du secteur de la défense au Mali : Défis et possibilités
Policy Memo: Pathways from Corruption to Destabilisation
Sabotaging Peace: Corruption as a Threat to International Peace and Security
Transparency International Defence and Security’s contribution to the 2025 Peacebuilding Architecture Review (PBAR)
Nigeria’s defence sector: Persistent corruption risk amidst escalating security threats
Niger’s defence sector: Institutional resilience to corruption amidst a changing political landscape
Tunisia’s defence sector: Institutional resilience to corruption risk amidst democratic backsliding







