Expert Edition and Expert Edition Plus
The Basel AML Index offers a subscription-based Expert Edition, which is a more comprehensive and customisable country risk assessment tool. It is used worldwide by financial institutions, researchers, policymakers, compliance officers and other stakeholders to fulfil their regulatory and compliance requirements.
The tools can be used as a standalone solution to satisfy regulatory requirements or as an independent benchmarking tool to validate in-house risk assessments.
Expert Edition Plus also contains a detailed comparative analysis of the FATF Mutual Evaluation Reports. This allows users to assess each FATF recommendation individually by focusing on specific compliance needs, for example, due diligence or terrorist financing regulations.
A demo account provides partial access to the Expert Edition with a sample of countries to test all the functions.
Who uses the Expert Edition?
Since the launch of the Basel AML Index in 2012 more than 200 institutions from both the public and private sector have subscribed to the Expert Edition and consider it an indispensable tool for their risk assessment. Current subscribers include some of the most renowned financial institutions and multination companies such as Allianz insurance, UBS, Santander and ING Bank.
In addition, financial authorities and public institutions including those below also subscribed to our Expert Edition for an independent country risk rating:
- UK HM Treasure
- US Department of Treasury
- Reserve Bank of Australia
- Reserve Bank of New Zealand
- Dubai Financial Service Authority
- International Finance Corporation of the World Bank
- Various FIUs and Central Banks
The Basel AML Index is increasingly used as a data source for other indices. For example, the Wolfsberg Group highlights it as one of the indices to be considered for country risk factors. The Economist Intelligence Unit uses the numerical FATF data and analysis available in the Expert Edition Plus as a data source for the new Global Illicit Trade Environment Index.
|Edition||Public version||Expert Edition||Expert Edition Plus|
|Updated at regular intervals||✓||✓|
|14 sub-indicators and sanctions list||✓||✓|
|Downloadable data set||✓||✓|
|Expert advice and tailor-made solutions upon request||✓||✓|
|Complete FATF data set, including small jurisdictions||✓|
|Annual subscription||Free||Free for academics, |
CHF 2,000 for businesses
|Free for academics, |
CHF 4,000 for businesses
Why use the Expert Edition?
The financial industry considers the Expert Edition an invaluable tool for regulators and financial institutions, and particularly values its foundation in scientific research and the independence of its developers. Within the first year of its existence, the FATF listed the Basel AML Index in its publication as one of the Indexes to be considered for country or geographic risk factors.
Our in-house experts on anti-money laundering and compliance have extensive experience and insight into industry practice and regulatory requirements regarding country risk models. In the development stages and during the Basel AML Index annual review, the Basel Institute further extensively consults with key stakeholders and representatives from academia, financial industry, international organisations (e.g. Transparency International and UNODC), law enforcement and regulatory institutions.
In addition, researchers, policy-makers and compliance officers who are interested in better understanding a country’s risk rating/result are encouraged to consult the specific sub-indicators employed in the construction of the Index. The sub-indicators provide a score that might be more relevant to a specific risk assessment, such as for different client segments.