Based on information provided by leading agencies, the countries with the highest financial risks are:
Argentina
Argentina was identified by Bloomberg Economics as one of the five countries with the highest risk for 2022 and continues to hold this classification for 2023.
South Africa
South Africa is among the 24 “jurisdictions under increased monitoring” by the Financial Action Task Force (FATF), indicating strategic deficiencies in their financial systems.
Turkey
Turkey is also among the 24 “jurisdictions under increased monitoring” by the FATF.
European Countries
Europe faces greater risk than other regions due to its geographical proximity to the war in Ukraine, dependence on Russian energy, and exposure of some banks and financial institutions to Russian assets and financial markets.
Brazil
Bloomberg Economics identified Brazil as one of the five countries with the highest financial risk for the coming years, citing inflation as one of the biggest concerns.
Nigeria
Nigeria, Africa’s largest economy, is among the 24 “jurisdictions under increased monitoring” by the FATF.
In summary, the countries with the highest financial risk for 2023 include Brazil, Argentina, South Africa, Turkey, Europe, and Nigeria, according to risk estimates by organizations such as the FATF and Bloomberg Economics.
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