News and updates

The Expert Edition of the Basel AML Index is regularly updated in line with updates to its key indicators. Updates are listed below.

 

17 July

FATF List of Jurisdictions with Strategic Deficiencies Update

On 21 June 2019, the FATF updated the list of jurisdictions with strategic deficiencies. 

  • Jurisdiction no longer subject to monitoring: Serbia
  • New jurisdiction subject to monitoring: Panama

 

20 May

Updated FATF Mutual Evaluation Reports for China and Finland

The FATF has issued new Mutual Evaluation Reports for:

 

20 May

EU List of Non-Cooperative Jurisdictions for Tax Purposes

The European Council removed Aruba, Barbados and Bermuda from its list of non-cooperative jurisdictions for tax purposes on 17 May 2019.

The list now contains the following 12 jurisdictions:

  • American Samoa
  • Belize 
  • Dominica 
  • Fiji
  • Guam
  • Marshall Islands 
  • Oman 
  • Samoa
  • Trinidad and Tobago
  • United Arab Emirates 
  • US Virgin Islands
  • Vanuatu 

View the press release and more information about the revised EU list of non-cooperative jurisdictions here.

 

12 Mar 2019

EU List of Non-Cooperative Jurisdictions for Tax Purposes

The European Council has added 10 jurisdictions to its list of non-cooperative jurisdictions for tax purposes. These jurisdictions did not implement the commitments they had made to the EU by the agreed deadline. 

The list now contains the following 15 jurisdictions:

  • American Samoa
  • Aruba (new)
  • Barbados (new)
  • Belize (new)
  • Bermuda (new)
  • Dominica (new)
  • Fiji (new)
  • Guam
  • Marshall Islands (new)
  • Oman (new)
  • Samoa
  • Trinidad and Tobago
  • United Arab Emirates (new)
  • US Virgin Islands
  • Vanuatu (new)

Read the text of the revised EU list of non-cooperative jurisdictions for tax purposes, adopted by the Council at its meeting on 12 March 2019.

 

12 Mar 2019

FATF List of Jurisdictions with Strategic Deficiencies update

On 22 February 2019, the FATF updated its list of countries with strategic AML/CFT deficiencies which have developed an action plan with the FATF. The full list is below:

  • The Bahamas
  • Botswana
  • Cambodia
  • Ethiopia
  • Ghana
  • Pakistan
  • Serbia
  • Sri Lanka
  • Syria
  • Trinidad and Tobago
  • Tunisia
  • Yemen

See further details on the FATF list of Jurisdictions with Strategic AML/CFT Deficiencies and their progress in addressing these deficiencies.

 

12 Mar 2019

FATF Mutual Evaluation Report scores update

The Basel AML Index Expert Edition has updated its FATF scores for the following countries based on new FATF Mutual Evaluation and Follow-up Reports:

  • Andorra (decreased FATF score from 5.05 to 4.64)
  • Czech Republic (increased FATF score from 4.61 to 5.2)
  • Hungary (decreased FATF score from 6.04 to 5.9)
  • Lithuania (increased FATF score from 3.68 to 5.33)
  • Serbia (decreased FATF score from 6.58 to 6.24)
  • Slovenia (decreased FATF score from 5.44 to 5.35)

 

29 Jan 2019

Transparency International Corruption Perceptions Index 2018 update

The Expert Edition updated the Corruption Perceptions Index (CPI) 2018 scores from Transparency International. 

Transparency International released its 2018 Corruption Perceptions Index on 29 January 2018.

 

29 Jan 2019

FATF Mutual Evaluation Reports update

The Expert Edition has updated its FATF scores based on FATF Mutual Evaluation and Follow-up reports:

  • Albania
  • Bahamas
  • Colombia
  • Cook Islands
  • Chana
  • Indonesia
  • Malaysia
  • Myanmar
  • Nicaragua
  • Panama
  • Tajikistan
  • Tunisia 

 

10 Dec 2018

UN SC sanctions against Eritrea lifted

The United Nations Security Council has decided to lift the arms embargo, travel ban, assets freeze and targeted sanctions previously imposed on Eritrea. More information in the UN press release.

 

10 Dec 2018

EU list of non-cooperative tax jurisdictions update

The Expert Edition has been updated in accordance with the EU list of non-cooperative tax jurisdictions:

  • American Samoa
  • Guam
  • Samoa
  • Trinidad and Tobago
  • US Virgin Island 

 

10 Dec 2018

FATF Mutual Evaluation Reports update

The Expert Edition has updated its FATF scores based on the latest FATF Mutual Evaluation and Follow-up reports for:

  • United Kingdom
  • Israel
  • Guatemala
  • Costa Rica
  • Australia
  • Cambodia
  • Denmark
  • Austria
  • Ethiopia
  • Uganda
  • Seychelles

 

6 Nov 2018

FATF List of Jurisdictions with Strategic Deficiencies update

The Expert Edition has been updated in accordance with FATF changes in its List of Jurisdictions with Strategic Deficiencies: 

  • The Bahamas
  • Botswana
  • Ethiopia
  • Ghana
  • Pakistan
  • Serbia
  • Sri Lanka
  • Syria
  • Trinidad and Tobago
  • Tunisia
  • Yemen

 

5 Nov 2018

FATF Mutual Evaluation Reports update

The Expert Edition has updated its FATF scores based on FATF Mutual Evaluation and Follow-up reports for:

  • Armenia
  • Antigua and Barbuda
  • Bahrain
  • Bangladesh
  • Belgium
  • Bhutan
  • Dominican Republic
  • Fiji
  • Kyrgyzstan
  • Latvia
  • Madagascar
  • Mauritius
  • Palau
  • Samoa
  • Saudi Arabia
  • Sri Lanka
  • Thailand
  • Vanuatu

 

25 Jan 2018

Eight jurisdictions removed from the EU list of non-cooperative jurisdictions for tax purposes

The Expert Edition has been updated in accordance with changes in the EU list of non-cooperative tax jurisdictions. Barbados, Grenada, the Republic of Korea, Macao SAR, Mongolia, Panama, Tunisia and the United Arab Emirates have been removed from the EU list of non-cooperative tax jurisdictions. These countries are moved to a separate category of jurisdictions, subject to close monitoring. 

 

12 Dec 2017

EU list of non-cooperative tax jurisdictions update

The Expert Edition has been updated in accordance with changes in the EU list of non-cooperative tax jurisdictions:

  • American Samoa
  • Bahrain
  • Barbados
  • Grenada
  • Guam
  • Korea
  • Macao
  • Marshall Islands
  • Mongolia
  • Namibia
  • Palau
  • Panama
  • Saint Lucia
  • Samoa
  • Trinidad and Tobago
  • Tunisia
  • UAE 

 

12 Dec 2017

FATF Mutual Evaluation Reports update

The Expert Edition has updated its FATF scores based on FATF Mutual Evaluation and Follow-up reports for: 

  • Macao
  • Nicaragua
  • Andorra

 

8 Sep 2017

FATF Mutual Evaluation Reports update

The Expert Edition has updated its FATF scores based on FATF Mutual Evaluation and Follow-up reports for:

  • Bahamas
  • Cambodia
  • Denmark
  • Mongolia

 

9 Aug 2017

FATF Improving Global AML/CFT Compliance update

On 23 June 2017, the FATF identified jurisdictions subject to a FATF call on its members and other jurisdictions to apply countermeasures to protect the international financial system from the ongoing and substantial money laundering and terrorist financing (ML/FT) risks emanating from the following jurisdictions: 

  • Democratic People's Republic of Korea

Jurisdictions subject to a FATF call on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risks arising from the jurisdiction:

  • Iran

FATF has identified the following jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF:

  • Bosnia & Herzegovina
  • Ethiopia
  • Iraq
  • Syria
  • Uganda
  • Vanuatu
  • Yemen 

FATF has identified the following jurisdictions which are no longer subject to the FATF on-going global AML/CFT compliance process:

  • Lao PDR
  • Afghanistan

More information on the FATF website.

 

23 May 2017

FATF Mutual Evaluation Reports update

The Expert Edition has updated its FATF scores based on FATF Mutual Evaluation and Follow-up reports for. 

  • Sweden
  • China
  • Equatorial Guinea
  • Kyrgyzstan
  • Turkmenistan

 

23 May 2017

US INCSR 2017 Vol II on Money Laundering update

The Expert Edition has updated in line with the US International Narcotics and Control Strategy Report (INCSR) 2017.

Please note, the latest edition of the US INCSR Vol II (2017) on major money laundering countries made some changes from its previous edition. This year, the US INCSR lists the countries of major primary concerns only and does not provide any other categories. As a result of this change, the methodology of the Expert Edition was amended and the risk ratings for a number of countries changed. 

View the complete US INCSR Vol II.

 

23 May 2017

IDEA Political Finance database scores update

The Expert Edition has updated some scores from the IDEA Political Finance database as part of the annual review. 

 

23 May 2017

Freedom House - Freedom of the Press Index 2017 update

The Expert Edition has updated in line with the Freedom House Freedom of the Press Index 2017

 

24 Feb 2017

FATF Improving Global AML/CFT Compliance programme update

On 24 February 2017, the FATF identified jurisdictions subject to a FATF call on its members and other jurisdictions to apply countermeasures to protect the international financial system from the ongoing and substantial money laundering and terrorist financing (ML/FT) risks emanating from the following jurisdictions: 

  • Democratic People's Republic of Korea

Jurisdictions subject to a FATF call on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risks arising from the jurisdiction:

  • Iran

FATF has identified the following jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF:

  • Afghanistan
  • Bosnia & Herzegovina
  • Ethiopia
  • Iraq
  • Lao PDR
  • Syria
  • Uganda
  • Vanuatu
  • Yemen 

For more information see the FATF public statement.

 

27 Feb 2017

FATF Mutual Evaluation Reports update

The Expert Edition has updated its FATF scores based on recently published FATF Mutual Evaluation reports for:

  • Guatemala
  • Haiti
  • Hungary
  • Jamaica
  • Switzerland
  • United States
  • Zimbabwe

 

27 Feb 2017

Transparency International Corruption Perception Index 2016 update

The Expert Edition has updated in line with the Transparency International - Corruption Perception Index 2016 published on 25 January 2017. 

 

27 Feb 2017

World Bank - Business Extent of Disclosure Index 2016 update

The Expert Edition has updated in line with the World Bank Extent of Disclosure 2016 Index

Scores for the Financial Transparency & Standards category and the sub-indicator WB Business Disclosure Index were updated.

 

27 Feb 2017

Freedom House - Freedom in the World 2017 scores update

The Expert Edition updated the Freedom in the World scores, which combines civil rights and political rights assessed by Freedom House. See the Freedom of the World 2017 report.

 

25 Oct 2016

FATF Mutual Evaluation Reports update

The Expert Edition has updated its FATF scores based on FATF Mutual Evaluation and Follow-up reports for:

  • Austria
  • Algeria
  • Bangladesh
  • Barbados
  • Bhutan
  • Cameroon
  • Canada
  • Central Africa
  • Chad
  • Congo (Democratic Republic)
  • Gabon
  • Guyana
  • Fiji
  • Honduras
  • Kazakhstan 
  • Singapore
  • St. Vincent and the Grenadines
  • Sudan
  • Suriname
  • Trinidad and Tobago
  • Tunisia
  • Uganda
  • Uzbekistan

 

25 Oct 2016

FATF Improving Global AML/CFT Compliance programme update

On 21 October 2016, the FATF identified jurisdictions subject to a FATF call on its members and other jurisdictions to apply countermeasures to protect the international financial system from the ongoing and substantial money laundering and terrorist financing (ML/FT) risks emanating from the following jurisdictions: 

  • Democratic People's Republic of Korea

Jurisdictions subject to a FATF call on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risks arising from the jurisdiction:

  • Iran

FATF has identified the following jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF:

  • Afghanistan
  • Bosnia & Herzegovina
  • Iraq
  • Lao PDR
  • Syria
  • Uganda
  • Yemen 

Jurisdictions no longer subject to the FATF's ongoing global AML/CFT compliance process:

  • Guyana

More information on the FATF public statement.

 

25 Oct 2016

World Bank IDA Resource Allocation Index (IRAI) update

The Expert Edition has updated in line with changes in the World Bank’s IDA Resource Allocation Index (IRAI) which is based on the results of the annual CPIA exercise that covers the IDA eligible countries.

Scores for the following sub-indicators were updated:

  • Financial Standards
  • Transp. Accountability & Corruption in the Public Sector

 

25 Oct 2016

WEF Global Competitiveness Report 2016 - 2017 update

The Expert Edition has been updated in line with the World Economic Forum Global Competitiveness Report 2016-2017. The following sub-indicators have been amended:

  • Strength of auditing
  • Regulation of securities exchanges
  • Institutions

 

6 Jul 2016

FATF Mutual Evaluation Report update

The Expert Edition has updated its FATF score for Serbia based on the new Mutual Evaluation Report on Serbia published on 9 June 2016.

 

06. Jul 2016

FATF Improving Global AML/CFT Compliance programme update

On 24 June 2016, the FATF identified jurisdictions subject to a FATF call on its members and other jurisdictions to apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/FT) risks emanating from the following jurisdictions: 

  • Democratic People's Republic of Korea

Jurisdictions subject to a FATF call on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risks arising from the jurisdiction:

  • Iran

FATF has identified the following jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF:

  • Afghanistan
  • Bosnia & Herzegovina
  • Guyana
  • Iraq
  • Lao PDR
  • Syria
  • Uganda
  • Yemen 

Jurisdictions no longer subject to the FATF's on-going global AML/CFT compliance process:

  • Myanmar
  • Papua New Guinea

 

06. Jul 2016

UN SC Sanctions against Ivory Coast and Liberia lifted

The UN Security Council lifted its sanctions against Ivory Coast (Côte d’Ivoire) and Liberia. 

The Expert Edition updated its sanction list accordingly. 

 

06. Jul 2016

International IDEA Political Finance Database scores update

The Expert Edition updated the scores from International IDEA Political Finance Database, which is a sub-indicator in the Public Transparency & Accountability category of the Basel AML Index. 

 

2 May 2016

FATF Mutual Evaluation Report update

The Expert Edition updated its FATF scores for Armenia and Italy based on the new FATF Mutual Evaluations. 

Additional FATF Follow-up reports for Cape Verde, Gambia, Ghana, Guinea Bissau and Liberia were also updated.

 

2 May 2016

World Bank - Business Extent of Disclosure Index 2015 update

The Expert Edition updated in line with changes to the World Bank Doing Business - Extent of Business Disclosure Index. 

 

2 May 2016

Freedom House - Freedom in the World and Press Freedom 2016 update

The Expert Edition updated the Freedom in the World and Press Freedom Index from Freedom House. 

 

2 May 2016

US International Narcotics Control Strategy Report 2016 published

The US International Narcotics Control Strategy Report (INCSR) 2016 was published in March 2016. The Expert Edition uses the Volume II: Money Laundering and Financial Crimes section as a source. 

There were no changes to the prioritisation from the previous report in 2015 regarding the list of "Countries of primary concern". 

View the complete US INCSR 2016 with detailed country profiles.

 

26 Feb 2016

FATF Improving Global AML/CFT Compliance programme update

On 19 February 2016, the FATF identified jurisdictions subject to a FATF call on its members and other jurisdictions to apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/FT) risks emanating from the following jurisdictions:

  • Iran
  • Democratic People's Republic of Korea

FATF has identified the following jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF:

  • Afghanistan
  • Bosnia & Herzegovina
  • Guyana
  • Iraq
  • Lao PDR
  • Myanmar
  • Papua New Guinea
  • Syria
  • Uganda
  • Vanuatu
  • Yemen 

 

26 Feb 2016

Transparency International Corruption Perceptions Index 2015 update

The Expert Edition has been updated in line with the Corruption Perception Index (CPI) 2015 scores from Transparency International. 

Transparency International released its 2015 Corruption Perceptions Index on 27 January 2016. 

 

26 Feb 2016

Financial Secrecy Index 2015 updated

The Expert Edition has been updated in line with the latest Financial Secrecy Index (FSI) from the Tax Justice Network.