Islamabad, September 8: Pakistan again exposed in front of the whole world after getting place in worst terror funding countries. A Swiss Group, the Basel Institute on Governance, has stated in its latest list that Pakistan is included in the list of top 50 countries for funding terrorist and money laundering operations.
Thus Finland falls at the bottom of the list and ranked at position 146. Other countries with best controls and monitoring of financial transactions after Finland are; Lithuania (3.67), Estonia (3.83), Bulgaria (3.87), New Zealand (3.91), Slovenia (4.02), Denmark (3.05).
The Basel Institute of Governance, which works with the public and private sector to counter corruption, released its annual Anti Money Laundering (AML) index 2017 in the third week of August and some of its findings were reported by international media.
The Basel AML Index measures the risk of money laundering and terrorist financing of countries based on publicly available sources. A total of 14 indicators dealing with AML/CFT regulations, corruption, financial standards, political disclosure and the rule of law are aggregated into one overall risk score. By combining these various data sources, the overall risk score represents a holistic assessment addressing structural as well as functional elements in the AML/CFT framework.