On 13 September, the Basel Institute on Governance has published its 2021 AML Index, the 10th annual edition, which raises grave questions about whether jurisdictions are serious about tackling their money laundering and terrorist financing risks, and what is holding them back. The average global money laundering risk score increased from 5.22 to 5.3 out of 10, as assessed across all 110 jurisdictions in the 2021 Public Edition of the Basel AML Index. Even among jurisdictions whose risk scores improved this year, none managed to improve by even 1 point out of 10. Half of improvements were 0.3 of a point or less.
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