The Basel Institute on Governance has released its AML Index, an independent annual ranking that assesses the risk of money laundering and terrorist financing around the world. The Index it provides risk scores based on data from 16 publicly available sources such as FATF, Transparency International, World Bank and the World Economic Forum. The risk scores cover 5 domains – Quality of AML/CFT Framework; Bribery and Corruption; Financial Transparency and Standards; Public Transparency and Accountability; and Legal and Political Risks.  BIS says that the Index will disappoint anyone wishing for tangible progress in combating money laundering and terrorist financing around the world. In fact, only 6 countries improved their scores by more than one point. 35 countries went backwards. The Index also showcases the changing nature of money laundering risks. This year’s Index contains a new indicator for human trafficking – which is said to be the third-largest source of income for organised crime groups after drug and arms trafficking. The Index illustrates money laundering risks in different regions, and regional infographics show how countries score in relation to each other. Afghanistan, Haiti, Myanmar, Laos and Mozambique hold the top 5 places – Finland, Estonia and Andorra the bottom 3. Panama is at 36 and the UK at 116.

An example of the regional infographics –


Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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