Money laundering and terrorism in Panama 2024

In 2021, Panama's risk index score of money laundering and terrorist financing reached six. Panama is ranked as one of the countries with the highest risk index of money laundering and terrorist financing in Latin America.

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 Panama from 2015 to 2024

Characteristic	Risk index score
2024	5.9
2023*	5.76
2021	6
2020	5.96
2019	6.19
2018	6.21
2017	7.01
2016	7.09
2015	7.13

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Release date

December 2024

More information

Region

Panama

Survey time period

2015 to 2024

Special properties

0=best; 10=worst

Supplementary notes

This statistic was compiled using earlier editions of the report.

*Panama was not included in the 2022 ranking.

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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