Bangladesh has achieved remarkable success in combating money laundering and terror financing, with improving its position by 28 points, according to a global index of a Switzerland-based organisation.
The Basel Anti-Money Laundering (AML) Index for 2017, developed by the Basel Institute on Governance, puts Bangladesh at 84 on a scale that measures this risk for 146 countries.
Last year Bangladesh position was 54 on the scale that puts the most risky country on the top followed by the countries where risk of money laundering and terror financing is comparatively lower.
According to the index, Iran and Afghanistan are the most risky countries when Finland is the least risky country for money laundering and terror financing. In the index, the United State of America (USA) positioned 116 and United Kingdom 118.
In the index, the Basel Institute also noted that Bangladesh is the 4th country among 10 countries those made progress in combating money laundering and terror financing faster than other countries.
The Basel Institute of Governance has published the AML index since 2012, measuring the risks of money laundering and terror financing of countries based on five major indicators.
These include lack of measures against money laundering and terror financing prevention, lack of public transparency, high level corruption concept index, financial standard and transparency and week political rights and rules of law..