Financial Secrecy Index

This indicator assesses if the country makes available to the public ten specific statistical datasets related to international trade, financial positions, foreign investment, and transparency measures.

This indicator assesses if the country has signed and is effectively implementing the Multilateral Competent Authority Agreement (MCAA) applying the OECD’s Common Reporting Standard (CRS) for the exchange of financial account information. It also assesses the MCAA implementing the Crypto Asset Reporting Framework (CARF) and the MCAA on Income Derived through Digital Platforms (DPI).

This indicator assesses if the country has become a party to the Amended Council of Europe/OECD Convention on Mutual Administrative Assistance in Tax Matters, which enables information exchange upon request among participating jurisdictions.

This indicator assesses how a country performs on administrative assistance in tax matters beyond exchange of information and whether it is a party to the most relevant international conventions on legal assistance in matters of corruption and money laundering. It also assesses the practical implementation of this legal cooperation in practice in line with the guidance by the Financial Action Task Force.

Supplementary country updates are made for individual countries if we become aware of new data for a country ahead of the queued indicator update that would have normally captured that data. This includes when new evidence is shared with us by countries’ ministries of finance and by other stakeholders in response to our surveys and assessments.

The following country IDs were updated as part of this release:

Supplementary updates are made to individual IDs if we become aware of new data or developments affecting all countries’ scores on an ID ahead of the queued indicator update for that ID, or if a methodological change is made.

The following IDs were updated as part of this release:

A country’s Global Scale Weight measures how much in financial services a jurisdiction provides to other countries’ residents. Presented as a percentage of all offshore financial services provided globally. Based on the IMF’s Balance of Payments Statistics. We update all countries’ Global Scale Weights once a year.