Methodology and sources
Our Country Ratings tool is a composite index, meaning it provides a simplified comparison of countries’ risks of ML/TF based on a number of relevant data sources.
Each country's risk score is calculated from those data sources and does not represent any opinion of KnowYourCountry, except where data is unavailable and we have taken a subjective view dependent upon the other levels of risk for that particular country.
The scores summarise a complex and multi-dimensional issue, and are meant to be used only as a guide when assessing Country ML/TF risk. Regulated businesses within every country will have their own idea of what constitutes risk based on a number of factors; local legislation, regional experience and expertise, risk appetite, etc., which is why we have introduced our customisable country ratings tool.
Our weightings are indicative only. All regulated organisations would be expected to use weightings according to their risk profile.
The following risk factors/data sources are used to assess country risk and determine a risk rating score:
| General | |
| 1.1 | FATF Uncooperative / AML Deficient / EU High Risk Country list |
| 1.2 | US State ML Assessment |
| 1.3 | Bribery and Corruption |
| 1.4 | Terrorism Financing |
| 1.5 | Proliferation Financing |
| Criminality | |
| 1.6.1 | Cybercrime |
| 1.6.2 | Fraud |
| 1.6.3 | Transnational Organised Crime |
| 1.6.4 | Drugs Trafficking |
| 1.6.5 | Human Trafficking |
| 1.6.6 | Tax Crime |
| 1.6.7 | Environmental Crime |
| 1.6.8 | Arms Trafficking |
| Financial Transparency | |
| 1.7 | Transparency and Beneficial Ownership |
| 1.8 | Offshore Finance Centre |
| Other | |
| 1.9 | International Sanctions |
| 1.10 | Resilience |