Wednesday, 29 November, 2023
Wednesday, 29 November, 2023

Bangladesh jumps 5 notches but still at high-risk zone

Pakistan and Sri Lanka did better than Bangladesh in the index
Staff Correspondent,
  20 Nov 2023, 21:31

Bangladesh has made significant improvement in Basel AML Index 2023, a global anti money laundering (AML) index, but the country still poses higher risk than its neighbours like Pakistan and Sri Lanka.

Bangladesh has dropped five notches down to rank 46th this year in the index, which has annually been produced by the Basel Institute on Governance since 2012.

In the index, the lower the ranking and score, the better the country is performing in case of handling money laundering and terror financing.

However, Bangladesh is still at the high-risk zone in case of money laundering and terrorist financing with a score of 5.80 whereas Pakistan's score is 5.44 ranking 61st and Sri Lanka 5.42 ranking 62nd, according to the 12th public edition of the index.

The ranking is based on a composite index of 18 indicators of money laundering and terrorist financing risk in five domains.

The domains are: quality of anti-money laundering (AML) and counter financing of terrorism (CFT) framework, bribery and corruption, financial transparency and standards, public transparency and accountability and legal and political risks.

Haiti, Chad and Myanmar topped the list occupying the first, second and third ranks with scores of 8.25, 8.14 and 8.13 respectively.

According to the index, Iceland has the best framework to tackle anti-money laundering and terror financing, as the country ranked 152nd with a score of 2.87.

Finland, Estonia, Andorra and Sweden are the next four after Iceland with 2.96, 3, 3.09, 3.2 respectively.



  • Latest
  • Popular

Govt to provide Tk 270 cr incentive to 2 lakh overseas returnees

Nomination submission deadline looms at EC

Bangladesh elected Vice President of IMO Assembly

Ranbir Kapoor's 'Animal' to release globally and in Bangladesh on same day

Disease could be bigger killer than bombs in Gaza: WHO

143 Bangladeshis return home from Libya

ADB to give Bangladesh $1 billion loan for five projects

Four detained for spreading misinformation online

Dengue: 4 more die, 959 hospitalised in a day

BNP will be given space if they want to join polls

ADB to give Bangladesh $1 billion loan for five projects
The Asian Development Bank (ADB) today signed multiple agreements with Bangladesh to provide the country
ILO calls for transparency in fixing RMG wages
The International Labour Organization (ILO) has underscored the necessity of adopting a minimum wage determination
New Development Bank Bill, 2023 passed in JS to get BRICS funds
The New Development Bank Bill, 2023 was passed in Parliament on Wednesday to welcome funds
UK formally signs up to trans-Pacific trading bloc
The UK government on Sunday announced it had formally signed a treaty to join a