These recommendations follow the 7th Global Conference on Criminal Finances and Cryptocurrencies on 26–27 October 2023. The conference was co-organised by Europol and the Basel Institute on Governance and took place in hybrid format at Europol’s headquarters in The Hague, Netherlands.
The five recommendations highlight the need for accelerated action in order to combat the use of crypto assets, as well the allocation of more resources, better training and better collaboration.
They are to:
This blog was originally published on the FCPA Blog, which was discontinued in February 2024.
Last week’s publication of our 10th annual Basel AML Index – which assesses money laundering risks around the world and ranks jurisdictions on how well they’re addressing them – has triggered two types of response.
This blog was originally published on the FCPA Blog, which was discontinued in February 2024.
The release on October 4 of the 11th Basel AML Index drew attention not only to its ranking of money laundering risks in 128 countries but for its stark message: in a fast-changing world, progress in addressing money laundering and terrorist financing risks is not moving fast enough.
This blog was originally published on the FCPA Blog, which was discontinued in February 2024.
The release on November 13 of the 12th Basel AML Index ranking of money laundering and terrorist financing risks in 152 jurisdictions takes a look at why risks are rising and what to make of the increased crypto scrutiny.
We are very happy to announce the signing of a Memorandum of Understanding between the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) and the Basel Institute on Governance.
In an article published in the Fall issue of the Bulletin of The International Academy of Financial Crime Litigators, Kateryna Boguslavska provides a snapshot of recent money laundering risks and trends as revealed by the Basel AML Index 2023.
Our recently released Basel AML Index 2023 says that countries need to supercharge their efforts to understand the evolving financial crime risks of new technologies – especially cryptocurrencies and other virtual assets.
This is the 12th Public Edition of the Basel AML Index.
The Basel AML Index is an independent annual ranking that assesses the risk of money laundering and terrorist financing (ML/TF) around the world.
Published by the Basel Institute on Governance since 2012, it provides risk scores based on data from 18 publicly available sources such as the Financial Action Task Force (FATF), Transparency International, the World Bank and the World Economic Forum. The risk scores cover five domains:
Global money laundering and terrorist financing (ML/TF) risks just keep on rising, according to the 2023 Public Edition of the Basel AML Index.
And that has real impact on people’s lives today – from well-funded terrorist attacks to trillions of dollars flowing out of countries through corruption and organised crime.
The Basel AML Index Expert Edition Plus subscription (free for practically all users outside the private sector) has introduced a new feature: an approach for predicting which jurisdictions are at risk of being placed on the Financial Action Task Force (FATF) “grey list” of "jurisdictions under increased monitoring".