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Text Content

 * Ranking
 * Explore by country
 * How the index works
   * What we measure
   * Secrecy indicators 
   * Methodology
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   * How we fix it 
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FINANCIAL
SECRECY INDEX
2022

The Financial Secrecy Index is a ranking of jurisdictions most complicit in
helping individuals to hide their finances from the rule of law.

Financial secrecy facilitates tax abuse, enables money laundering and undermines
the human rights of all. The index identifies the world’s biggest suppliers of
financial secrecy and spotlights the laws that governments can change to reduce
their contribution to financial secrecy.

How the index works




1

Investigates how much financial secrecy the jurisdiction’s laws allow, indicated
by a
Secrecy Score out of 100.



--------------------------------------------------------------------------------


2

Identifies how much financial services the jurisdiction supplies to residents of
other countries, indicated by the Global Scale Weight.





3

Combines Secrecy Score and Global Scale Weight to determine how much financial
secrecy the jurisdiction supplies, indicated by FSI value.



--------------------------------------------------------------------------------

Jurisdictions are ranked by their FSI value to identify the world’s biggest
suppliers of financial secrecy.



A bigger supplier of financial secrecy doesn’t always mean a more secretive
jurisdiction.

--------------------------------------------------------------------------------

Unlike tax haven blacklists which usually only factor in laws, the index more
accurately captures how laws and financial activity intersect in the real world
to create secrecy.

Panama is more secretive than the UK but the UK is used far more often as a
destination for offshore wealth, making the UK a bigger supplier of secrecy in
practice.






The Financial Secrecy Index is a ranking of jurisdictions most complicit in
helping individuals to hide their finances from the rule of law. The index is
produced by the Tax Justice Network and published once every two years.

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