Title: Basel AML Index Releases Stunning New Rankings for Money Laundering Risks in 2021

Subtitle: Switzerland Tops the List with the Lowest Perceived Money Laundering Risks

Dateline 1: The Basel AML Index, a valuable tool for financial institutions and regulators to assess money laundering (ML) risks, has published its latest 2021 rankings.

Rankings Overview

Switzerland ranks first with the lowest perceived ML risk level.

1. Switzerland
2. Denmark
3. Norway
4. Finland
5. United States
6. United Kingdom

Ukraine, Belarus, and Pakistan rank last. 185. Ukraine 186. Belarus 187. Pakistan

Dateline 2 and Dateline 3: The full rankings list is available on the Basel Committee’s website.

Importance of Basel AML Index

“This year’s rankings” highlight the ongoing efforts by these countries in “strengthening their anti-money laundering frameworks”, according to a spokesperson for the Basel AML Index.

Detailed Analysis

The Basel AML Index covers 188 countries, assessing their ML risk levels based on these factors:

• Legislation
• Law enforcement
• Transparency

Dateline 4: The top 5 countries have shown significant improvement in their AML systems.

Dateline 5: The bottom 3, however, face “significant challenges in combating money laundering activities” and require international community support.

About the Basel AML Index

The Basel AML Index is part of the Basel Committee on Banking Supervision, an international organization fostering cooperation among banking supervisors.

Dateline 6: The spokesperson emphasized that the Index should be used to “inform their risk assessment and due diligence processes” by financial institutions and regulators.

Dateline 7: Access the full report and detailed country-by-country analysis on the Basel Committee’s website.