Georgia has advanced 11 positions in the 2024 Basel Anti-Money Laundering (AML) Index, improving its ranking from 102nd to 113th place. This progress places Georgia ahead of three G7 countries and eight European Union and NATO member states, including the United States, Japan, and Italy.

The Basel Institute on Governance, which publishes the AML Index, evaluates money laundering risks across 164 countries and territories worldwide, categorizing them from high-risk to low-risk. In this year’s assessment, Georgia scored 4.64 on a 10-point scale, reflecting a reduction in perceived money laundering risks.

Since the launch of the Index in 2012, Georgia has improved its ranking by 33 positions over the past 13 years. The ranking methodology is based on 17 indicators, which are grouped into five key risk areas, including gaps in anti-money laundering frameworks, corruption, and financial transparency.

The report, which incorporates data from organizations such as the World Bank and the US State Department, underscores Georgia’s ongoing efforts to combat financial crimes and enhance its economic integrity.