New Basel AML Index 2020 released
Released on 23 July 2020, the 9th Basel AML Index presents its findings in the progress in combating money laundering and terrorist financing (ML/TF) around the world.
It found out that the average ML/TF risk score across all countries in the 2020 Public Edition of the Basel AML Index remains high and that only six countries improved their scores by more than one point. On the other hand, 35 countries went backwards. Furthermore, the challenge many countries face would not be the absence of comprehensive global standards, but the effective implementation of those standards. Weak implementation and effectiveness are problems that the Basel AML Index has already noted in previous issues. In addition, the Basel AML Index 2020 also showcases the changing nature of money laundering risks. Therefore, this year’s Index contains a new indicator for human trafficking, the Trafficking in Persons (TIP) Report of the U.S. Department of State.
More information: https://www.baselgovernance.