Money laundering and terrorist financing risk in Latin America and the Caribbean 2023

Published by Statista Research Department, Jul 5, 2024

In 2023, Haiti ranked as the country with the highest risk of money laundering and terrorist financing in Latin America, with an index score of 8.25. Nicaragua followed second, with 6.42 points. In that same year, Uruguay had the lowest risk in the region with an index score of 4.08.

The Basel AML Index is a composite index, a combination of 16 different indicators with regards to corruption, financial standards, political disclosure and rule of law and tries to measure the risk level of money laundering and terrorist financing in different countries. The numbers used are based on publicly available sources such as the FATF, Transparency International, the World Bank and the World Economic Forum and are meant to serve as a starting point for further investigation.

Risk index score of money laundering and terrorist financing in Latin America and the Caribbean in 2023, by country

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Release date

November 2023

More information

Region

LAC

Survey time period

2023

Special properties

0=best; 10=worst

Supplementary notes

Risk scores are based on data from publicly available sources such as the FATF, Transparency International, the World Bank and the World Economic Forum.

The source measured the risk of money laundering and terrorist financing by using several indicators, such as rule of law and financial regulations. It is explicitly stated that there is no reliable quantitative data on money laundering available, and the index score is used to "indicate the risk level, i.e. the vulnerabilities of money laundering and terrorist financing within a country". The higher the number, the higher the risk.

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