Mexico’s Financial Crime Risk Index Sees Slight Uptick in 2023

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Latest Basel AML Index Report Reveals Increase in Money Laundering and Terrorist Financing Risks

A recent report by the Basel AML Index has revealed that Mexico’s risk index of money laundering and terrorist financing has increased to 5.21 points in 2023, up from 5.2 points reported the previous year. This marks a slight uptick in the country’s financial crime trends, which peaked at an all-time high of 5.75 index points in 2017.

What is the Basel AML Index?

The Basel AML Index is a composite measure that combines 14 different indicators related to:

Corruption
Financial standards
Political disclosure
Rule of law

These indicators are used to assess the risk level of money laundering and terrorist financing in various countries. The report draws on publicly available sources such as:

Financial Action Task Force (FATF)
Transparency International
World Bank
World Economic Forum

Expert Insights

According to experts, the index serves as a starting point for further investigation into a country’s financial crime trends, providing valuable insights for:

Policymakers seeking to mitigate risks associated with money laundering and terrorist financing
Regulators aiming to strengthen financial regulations
Financial institutions looking to reduce their exposure to financial crimes

The Basel AML Index report provides a comprehensive overview of the financial crime risk landscape in Mexico and other countries, helping stakeholders make informed decisions to combat money laundering and terrorist financing.