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​Banks, insurers face significant money-laundering risk in most countries, Basel 2019 AML Index says

( August 19, 2019, 22:32 GMT | Official Statement) -- MLex Summary: Money-laundering risk is significant in 60 percent of the 125 countries on the Basel Institute on Governance's 2019 AML Index, the foundation's newly released report finds. The financial sector, especially banks and insurance firms, are most at risk in countries with poor anti-money laundering legal frameworks and enforcement, it said. There was some improvement overall, albeit slow and meager, from 2018, the Institute said. Mozambique scored the worst in overall money-laundering risk and among the worst in the corruption risk component of the score. The United States ranked 72nd but showed a slight improvement in its AML risk score from 2018.  The scores of Colombia, Latvia, Finland, China and Lithuania fell the most in the AML risk ranking.See attached document below....

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