Iran under mullahs becomes the country with highest money-laundering risk
- Published on Thursday, 14 August 2014 14:51
Iran has one again been named as the country with the highest risk of money-laundering, according to the new 2014 report from the Basel Anti-Money-Laundering (AML) index.
Iran under mullahs rule comes just ahead of Afganistan, Cambodia, and Tajikistan. The report uses data from reports from the Financial Action Task Force (FATF) which asses a country’s legal and institutional situation regarding finance.
Besides doing poorly on the FATF reports, it’s stated that countries near the top of the list also have common trends including perceived corruption, lack of judicial strength, lack of control over financial system, and a lack of transparency.