Through its International Centre for Asset Recovery (ICAR), the Basel Institute on Governance has developed an AML Risk Index that assesses countries’ risk levels regarding money laundering and terrorist financing.

Date: May 11, 2012

Tags: AML

Through its International Centre for Asset Recovery (ICAR), the Basel Institute on Governance has developed an AML Risk Index that assesses countries’ risk levels regarding money laundering and terrorist financing.

The purpose of the Index is to analyse risk in each country regarding money laundering or terrorism financing, and other related factors such as corruption and political risk. The Index uses a composite methodology, aggregating 15 variables from third-party sources that deal with anti-money laundering (AML) / counter terrorist financing (CTF) regulations, financial standards, transparency and disclosure, and political risks.

Out of 144 countries on the list, Norway and Estonia were the only ones that ranked as “low risk”, while Iran, Kenya and Cambodia are the three riskiest.

More details: http://index.baselgovernance.org/Index.html#introduction
More details: http://index.baselgovernance.org/Index.html#ranking