BASEL INSTITUTE INDEX RAISES CONCERN ABOUT AML EFFECTIVENESS, EVEN AS FATF TECHNICAL COMPLIANCE IMPROVES
November 26th, 2024
The Basel Institute on Governance has welcomed a gradual improvement in AML/CFT technical compliance with FATF recommendations but has warned governments’ progress in improving effectiveness remains sluggish.
Its 13th edition of the Basel AML Index assessed164 countries, with Myanmar, Haiti and the Democratic Republic of the Congo (DRC) receiving the highest AML/CFT risk scores, with San Marino, Iceland and Finland the lowest (1).
Basel noted a 12% improvement in technical compliance with FATF standards over the last decade, among countries with available ...
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