Global Anti money laundering and terrorist financing index: Pakistan improved ranking

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Global Anti money laundering and terrorist financing index: Pakistan improved ranking

*ISLAMABAD - Pakistan has improved its ranking in the global Anti-Money Laundering (AML) and Terrorists Financing index** according to the Basel AML report 2018 link released on October 9.*

Pakistan improved its ranking by 0.08 points to finish at the 6.49-point level this year on the Basel AML Index, an independent annual ranking that assesses the risk of money laundering and terrorist financing around the world.

Among 129 countries assessed for the 2018 report, Pakistan ended up among 83 countries with a risk score of 5.0 or above. These were the countries that could be loosely classified as having a significant risk of money laundering and terrorist financing, the report said.