Iraq ranks first in global money laundering operations
Iraq ranks first in global money laundering operations
9-17-2017
Iraq ranked first in the index issued by the Basel Institute of Governance in the sixth annual edition as the most dangerous country in the Arab and global in the field of money laundering.
Jordan was the first Arab country to fight money laundering, followed by Qatar, Saudi Arabia, Kuwait, Bahrain, the United Arab Emirates, Tunisia, Morocco, Algeria, Yemen and Lebanon.
The Institute ranked 146 countries on the index according to their level of risk based on the quality of the AML / CFT framework in each country, as well as other relevant factors such as levels of corruption, financial sector standards and transparency.
The report is based on 14 non-weighted sub-indices, each of which ranks among the 10 most dangerous and zero countries for the least risky.
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