Western Europe and the EU have the best anti-money laundering (AML) laws, according to the Basel Institute on Governance. Malta and Bulgaria are the only countries in the region to receive above-average risk scores. However, financial transparency remains a vulnerability, given the region’s large number of large banks. The index ranks countries by their AML frameworks, corruption levels, financial Transparency, political accountability, and political risk. The data sources for these assessments include the Financial Action Task Force (FATF), the U.S. State Department, and Reporters Without Borders.
Source: OCCRP, 2024-12-06; https://www.occrp.org/en/news/basel-institute-releases-new-anti-money-laundering-index