This week’s Subject Matter is about the AML Risk Trends: Basel AML Index 2023

On November 13, 2023, the Basel Institute of Governance has released its 12th Annual Edition of the Basel AML Index, which reveals average global money laundering and terrorist financing risk. The Basel Anti-Money Laundering Index is an independent ranking that assesses countries’ ML/TF risks and capacity to counter them. It draws on 18 indicators in 5 domains measuring different factors that contribute to high ML/TF risks.

The highest AML/CFT risk countries are:-
1- Haiti
2- Chad
3- Myanmar
4- Democratic Republic of Congo
5- Republic of the Congo

The lowest AML/CFT risk countries are:-
1- Iceland
2- Finland
3- Estonia
4- Andorra
5- Sweden