A nonprofit group said Wednesday that Vanuatu, Chile and Sri Lanka have seen the sharpest growth in their risks to money laundering relative to 146 other nations included in an annual survey. The latest anti-money laundering (AML) index by the Basel Institute of Governance again named Iran, Afghanistan, Tajikstan and Guinea-Bissau among the top five jurisdictions most at risk to terror financiers and money launderers, based on an assessment of data by the Financial Action Task Force (FATF), Transparency International, the Tax Justice Network and other organizations. The Swiss institute concluded that Kuwait, Ecuador, Seychelles, Albania and Bosnia-Herzegovina have shown...
The European Commission on Thursday recommended the inclusion of 11 nations on a planned list of jurisdictions deemed to be particularly vulnerable to money laundering and terrorist financing.
print