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Anti-Money Laundering Atlas shows rising risks in several latin american countries

Money-laundering-in-washing-machine, Credit to Shutterstock Images

Costa Rica, Cuba, Honduras and Nicaragua are among nations that pose rising risks in the global fight against money laundering and related security threats, a new survey indicated.

The latest version of Anti-Money Laundering Atlas produced by Promontory Compliance Solutions rated countries of the world according to perceived risk of money laundering and terrorist financing.

The latest AML Atlas released by the company incorporates Transparency International’s Corruption Perception Index but also includes feedback and data from a network that shared its on-the-ground experience with high-risk countries.

Transparency International Corruption Perception Index ranks 150 countries in terms of perceived levels of corruption, as determined by expert assessments and opinion surveys.

Included in the assessment is the recently released Presidential Determination on Major Illicit Drug Transit or Major Illicit Drug Producing Countries for Fiscal Year 2011, changes to World Bank Governance Indicators, new information from the Financial Action Task Force and updates to several other anti-money laundering related indicators.

Promontory said its anti-money laundering atlas continues to rate Iran, Myanmar and Cuba as among the riskiest countries, considering the U.S. and multinational sanctions against them. It identified several other countries, including the Cook Islands, Costa Rica, Eritrea, Honduras and Nicaragua as presenting…READ MORE HERE.