Money laundering and terrorism financing has been a continuous threat as it enables criminals to exploit the financial sector for their personal gains. This puts financial institutions at a considerable regulatory, legal and reputational risk. As a result, financial institutions are using risk assessments to protect themselves against risks associated with money laundering and terrorism financing. The Basel AML Index is a country risk ranking focusing on money laundering / terrorist financing risk covering more than 140 countries. Developed by the Basel Institute and its expert team from the International Centre for Asset Recovery (ICAR), the Basel AML Index is based on a composite methodology, which draws its components from a broad spectrum of data generated by third-party sources.
The Basel AML Index 2012
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