Companies and financial institutions around the world use the Expert Edition of the Basel AML Index to help evaluate money laundering/terrorist financing risks at the country level.

Smaller companies tend to use the Basel AML Index as a standalone geographic risk evaluation solution, as the dashboard enables quick access to 17 key indicators of money laundering/terrorist financing risk for 203 jurisdictions. Others apply it as an independent benchmarking tool to validate in-house risk assessments.

The Basel Institute on Governance and the Thai Institute of Directors (IOD), in conjunction with the Thai Private Sector Collective Action Against Corruption (Thai CAC), have today signed a Memorandum of Understanding to jointly support the promotion of anti-corruption compliance.

The agreement covers the launch of a pilot project that aims to encourage the local certification of anti-corruption compliance programmes in SMEs, while alleviating the due diligence burden on multi-national companies.

Companies dealing with metals and minerals cannot avoid corruption risks, which plague practically every extractive sector at every phase of development, every country and every stage of the supply chain. Both industrial and artisanal mining are vulnerable, though in different ways.