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Basel Index finds slippage in AML efforts

Joe Mont | August 3, 2016

It is a top ten list that no country should want to be on.

Each year, the Basel Committee on Banking Supervision, an international consortium that develops banking standards, issues the “Basel AML Index,” an annual ranking of country risk regarding money laundering/terrorism financing. The report focuses on anti-money laundering and counter terrorist financing (AML/CTF) frameworks and other related factors, including financial transparency and judicial strength.

Released in late July, the fifth edition of the index offers an overview of 149 countries according to their risk level in money laundering/terrorist financing using public sources and third party assessments. A total of 14 indicators that deal with AML/CFT regulations, corruption, financial standards,... To get the full story, subscribe now.