Financial Crime World

Title: Basel AML Index: An Annual Ranking of Money Laundering and Terrorist Financing Risks Around the World

The Basel AML Index, an independent ranking assessing the risks of money laundering and terrorist financing (ML/TF) globally, has been released for the year. Here’s what you need to know.

Overview

  • The Basel AML Index is an annual publication by the Basel Institute on Governance that offers a comprehensive interactive world map and report.
  • It evaluates countries’ ML/TF risks based on various factors, including legal frameworks, law enforcement capabilities, and international cooperation.

Key Features

  • Launched in 2002, the Basel AML Index is a vital tool for governments, financial institutions, and international organizations.
  • The latest edition updates country rankings, reflecting changes in their legal and regulatory frameworks and their efforts to address ML/TF challenges.

Impact and Appreciation

  • The World Bank, European Central Bank, and other international organizations have expressed appreciation for the Basel AML Index and its importance in promoting transparency and combating financial crimes.

Access and Insights

  • The detailed results and insights can be accessed freely from the Basel Institute on Governance.
  • The interactive world map offers valuable insights into ML/TF risks in different countries and regions.

Importance and Future Plans

  • The Basel Institute on Governance emphasizes the importance of ongoing efforts to strengthen regulatory frameworks, enhance cooperation, and promote a culture of anti-money laundering and combating the financing of terrorism.
  • In the next edition, the Basel Institute plans to provide even more comprehensive and valuable information to its users.

About the Basel Institute on Governance

  • The Basel Institute on Governance is an international not-for-profit foundation based in Switzerland.
  • Established in 1997, it provides expertise, research, and training on public and private governance to support the fight against corruption, financial crimes, and other forms of economic mismanagement.
  • Its mission is to foster the conditions for accountable and effective institutions and help its partners build capacity, improve performance, and increase transparency.