Financial crime risks identified across 214 countries and territories

How can you measure country-level financial crime risks?

In order to help banking and financial services sector companies measure and assess their risk exposure, we're launching a new data set looking at the following risks across 214 countries and territories:

  • Bribery and corruption
  • Human trafficking
  • Money laundering
  • Organised crime
  • Terrorist financing
  • Tax evasion
  • Trade sanctions

Why do financial crime risks matter to my business?

The earlier you are aware of these risks, the more factors you can put in place to mitigate potentially unforeseen impacts to your business and reputation.

Although banking and financial services sector companies have in recent years steadily improved their financial crime risk management capabilities, it is becoming increasingly apparent that control failures are no longer tolerated by regulators, shareholders and an ever more skeptical public.

Our new Financial Crime Risk Indices are designed to help raise ethical standards inside banking and financial services sector companies and improve decision-making in relation to new customer on-boarding.

“Lapses in financial crime controls hold the potential to not only have a disastrous impact on corporate bottom lines, but also erode hard-earned reputational capital accrued over the last decade,”

James Appleyard, Managing Consultant

As the financial crime compliance bar continues to be raised globally, and levels of enforcement are ratcheted up, banking and financial services sector companies must proactively demonstrate – both internally and externally – precisely how they are managing such evolving regulatory expectations.

“Timely, incisive and benchmarkable country-level financial crime risk data is central to ensuring compliance with today’s – and tomorrow’s – ever-evolving regulations, and should form the bedrock of any banking and financial service company’s compliance strategy,” adds Appleyard. “These new indices constitute an important component in this process.”