2017 Basel AML Index

International Centre for Asset Recovery
The Basel AML Index is an annual ranking assessing country risk regarding money laundering/terrorism financing. It focuses on anti-money laundering and counter terrorist financing (AML/CTF) frameworks and other related factors such as financial/public transparency and judicial strength.

This is the sixth edition of the Basel Anti-Money Laundering (AML) Index developed by the Basel Institute on Governance. The Basel Institute published the Basel AML Index for the first time in 2012 and has since then been the only non-profit organisation to create a research-based ranking focusing on the risk of money laundering and terrorist financing. The Basel AML Index provides the following key features:

  • Overview of 146 countries according to their risk level in money laundering/terrorist financing
  • Composite index based on public sources and third party assessments
  • Independent research-based risk ranking which is updated annually
  • AML country risk assessment tool for compliance purposes (see Expert Edition)

Basel AML Index 2017

The Basel AML Index 2017 Report summarises the key findings and provides a detailed explanation about our methodology. See also what is new in the 2017 edition and the recent changes in our methodology. Our annual review section outlines the main discussions and feedback received from external experts with academic, supervisory and law enforcement background.

Download the 2017 Basel Index Report
Press Release Basel AML Index 2017

What does the Basel AML Index measure?

The Basel AML Index measures the risk of money laundering and terrorist financing of countries based on publicly available sources. A total of 14 indicators that deal with AML/CFT regulations, corruption, financial standards, political disclosure and rule of law are aggregated into one overall risk score. By combining these various data sources, the overall risk score represents a holistic assessment addressing structural as well as functional elements in the AML/CFT framework. As there are no quantitative data available, the Basel AML Index does not measure the actual existence of money laundering activity or amount of illicit financial money within a country but is designed to indicate the risk level, i.e. the vulnerabilities of money laundering and terrorist financing within a country.

What has changed from the 2016 edition?

The 2017 Basel AML Index covers 146 countries. Three countries were removed from the 2016 edition of the Basel AML Index: Ethiopia, Guinea, and Seychelles. They were excluded from this year’s rating due to insufficient data.

There were no significant changes in the Basel AML Index methodology in 2017. The only one minor occurred in the category of Public Transparency and Standards, where the World Bank Extent of Disclosure Index was replaced with the World Bank Corporate Transparency Index. As previously, the methodology takes into consideration the modifications brought to the assessment mechanism of the FATF Mutual Evaluation Reports.

146 countries listed in total, 10 are randomly displayed below only for demonstration purpose:
Paraguay
16
7.53
Haiti
17
7.5
Lesotho
24
7.15
Russia
64
6.22
Philippines
65
6.2
Costa Rica*
77
5.93
Bosnia-Herzegovina
79
5.91
Egypt
87
5.66
United States*
116
4.85
Romania
129
4.5

Expert Edition

The Basel AML Index offers a subscription-based Expert Edition, which is a more comprehensive and customizable country risk assessment tool to assist financial institutions and other stakeholders to fulfill regulatory and compliance requirements. In contrast to the public version, it provides:

  • An overview of over 200 countries with sub-indicators
  • Regular updates including country sanctions such as FATF Public Statements, U.N. and U.S. State Sponsor of Terrorism lists
  • Downloads of all data available in Excel
  • Customizable tool to adjust to institutional needs

Read more…

2 Responses to 2017 Basel AML Index

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