11th Basel AML Index: Snapshot of Money Laundering Trends and Concerns

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Friday, October 7, 2022
Author: 
Kateryna Boguslavska
Volume: 
38
Issue: 
10
Abstract: 

The 11th Public Edition of the Basel AML Index was released on October 4, 2022. The Basel AML Index is an independent ranking of money laundering and terrorist financing (ML/TF) risks around the world, published by the Basel Institute on Governance since 2012 through its International Centre for Asset Recovery. The composite index draws on 18 indicators measuring different factors that contribute to high ML/TF risks and are relevant to assessing jurisdictions’ capacity to counter their risks. The indicators are categorized in five domains: Quality of anti-money laundering/counter financing of terrorism (AML/CFT) Framework; Bribery and Corruption; Financial Transparency and Standards; Public Transparency and Accountability; and Legal and Political Risks. The Basel AML Index thus seeks to reflect a holistic picture of money laundering risk, beyond the narrow focus on AML/CFT systems.