Money laundering and terrorist financing in Venezuela 2023

Venezuela reached, in 2021, an index score of 6.29, a slight decrease from the peak recorded in the previous year. In 2023, Venezuela also ranked among 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 Venezuela from 2015 to 2023

Characteristic	Risk index score
2023	7.63
2021*	6.29
2020	6.56
2019	5.72
2018	5.69
2017	6.53
2016	6.53
2015	6.51

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Release date

November 2023

More information

Region

Venezuela

Survey time period

2015 to 2023

Special properties

0=best; 10=worst

Supplementary notes

* According to the source, this country was not yet assessed with the fourth-round FATF methodology, limiting comparability.
This statistic was compiled using earlier editions of the report.

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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