Curated Blog Posts

The Basel Institute on Governance has released the Basel Anti-Money Laundering (AML) Index1 (hereafter “the Index”), its annual independent ranking of countries’ exposure to money laundering and terrorist financing risks. Covering 177 jurisdictions, the index evaluates both vulnerability to financial crime and capacity to counter these threats, using 17 indicators drawn from FATF, Transparency International, World Bank, and other global sources.   The Index highlights persist

The importance of Risk Assessment in AML Practice Unchecked risk in AML exposes reporting entities to reputational damage and cause compliance breaches, also leading to financial loss from regulatory penalties. When risk is underestimated or poorly managed, it undermines the integrity of compliance programs and erodes trust with stakeholders.   Conducting a risk assessment for AML is therefore essential and an important method for identifying and mitigating any risk associate