Dhaka’s rank up by 28 points

Dhaka,  Sun,  24 September 2017
Published : 22 Aug 2017, 00:30:27
AML Index

Dhaka’s rank up by 28 points

Bangladesh has achieved a remarkable success in combating money laundering and terror financing, as the country improved its position by 28 points in an international ranking by a Switzerland-based organisation, reports BSS.   

The Basel Anti-Money Laundering (AML) Index for 2017, developed by the Basel Institute on Governance, puts Bangladesh at 82 in the annual ranking that assesses 146 countries regarding money laundering/terror financing risks.

Last year, Bangladesh's position was 54 on the scale that puts the most risky countries on the top, followed by the countries where the risks of money laundering and terror financing are comparatively lower.

The Basel Institute noted that Bangladesh is the 4th country among 10 countries that made progress in combating money laundering and terror financing faster than other countries.

According to the 2017 index, Iran and Afghanistan are the highest risk countries while Finland is the lowest risk country. In the index, the US ranked 116 and the United Kingdom 118.

The Basel Institute of Governance has been publishing the AML index since 2012, measuring the risks of money laundering and terror financing of countries based on five major indicators.

These include lack of measures against money laundering and terror financing, lack of public transparency, high level corruption concept index, financial standard and transparency and weak political rights and rules of law.
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