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financial secrecy index tax justice network full list latest updates country profiles indicator profiles about about the index index citations frequently asked questions download data nearr language english español français português main menu financial secrecy index the world s biggest enablers of financial secrecy last updated 23 june 2026 see full list methodology two main factors behind financial secrecy complicity the financial secrecy index is a ranking of countries most complicit in helping individuals to hide their finances from the rule of law the index evaluates how much wiggle room for financial secrecy a country s laws and regulations provide this is the country s secrecy score the index also monitors how much in financial services the country provides to other countries residents this is the country s global scale weight these two factors are then combined to determine how big of a role the country plays in enabling financial secrecy globally this is the country s fsi value and is what the country is ranked on see more details how the index ranks countries the financial secrecy index thoroughly evaluates jurisdictions laws and monitors the volume of financial services jurisdictions provide to other countries residents to create a clear picture of the world s biggest enablers of global financial secrecy secrecy score measures how much room for financial secrecy the jurisdiction s laws and regulations provide whether intentionally or not scores range from 0 no room for financial secrecy to 100 unlimited room for financial secrecy evaluated against more than 100 questions which are organised into 20 indicators high score the jurisdiction s laws allow a lot of room for financial secrecy low score the jurisdiction s laws allow little room for financial secrecy 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 imf data the jurisdiction provides 1 2 of global offshore financial services financial secrecy index value fsi value combines secrecy score and global scale weight to determine how big of a role the jurisdiction plays in enabling financial secrecy globally jurisdictions are ranked on the index based on this value high value a big enabler of financial secrecy low value a low enabler of financial secrecy financial secrecy index share fsi share measures how much of all the financial secrecy enabled around the world the jurisdiction is responsible for enabling calculated by dividing the jurisdiction s fsi value by the sum of all jurisdictions fsi values enables 1 6 of global financial secrecy download methodology pdf latest updates editor s focus external link 26 06 2026 external link op ed switzerland has done little more than bare minimum to improve transparency of its financial system for a global financial centre of switzerland s scale meeting the minimum standards for information exchange is not enough andres knobel bob michel 26 06 2026 read more on https www swissinfo ch press release 23 06 2026 press release us tops ranking of destinations for dirty money in real estate weak to non existent real estate transparency laws earned the us the worst possible score on the index s real estate ownership indicator mark bou monsour 23 06 2026 read more on www taxjustice net blog 03 06 2025 real estate blog introducing the real estate secrecy index alongside the 2026 financial secrecy index update we have constructed a separate real estate secrecy index revealing the worst performing jurisdictions for this key metric of tax transparency alex cobham 23 06 2026 read more on www taxjustice net blog 03 06 2025 golden visas blog indicator deep dive golden visas the golden visas indicator shows that investment immigration raises serious financial secrecy concerns by facilitating money laundering tax evasion and circumvention of transparency measures bob michel gonzalo villanueva 23 06 2026 read more on www taxjustice net press release 03 03 2026 press release fbi and five eyes law enforcement agencies adopt financial secrecy index and corporate tax haven index the international foreign bribery taskforce has adopted the tax justice network s tools as a core part of its corruption risk assessment bemnet agata 03 03 2026 read more on www taxjustice net press release 03 06 2025 press release financial secrecy rocks democracies financial secrecy index finds countries supplying the most financial secrecy are shifting towards autocracy our ranking of the world s biggest enablers of dark and dirty money reveals mark bou mansour 03 06 2025 read more on www taxjustice net blog 03 06 2025 blog the financial secrecy index a cherished tool for policy research across the globe the financial secrecy index contributes to a wider understanding of the impact of financial secrecy on society as experts around the world use it to enrich their work bob michel 03 06 2025 read more on www taxjustice net blog 13 06 2023 blog transforming our flagship indexes to be even more responsive and timely we ve pivoted the financial secrecy index to a new exciting rolling update approach read our blog from 2023 announcing the planned changes markus meinzer moran harari 13 06 2023 read more on www taxjustice net read more at taxjustice net read more on www taxjustice net index citations data in action the financial secrecy index is used by governments international bodies journalists academics and campaigners to better understand and tackle global financial secrecy international foreign bribery taskforce international foreign bribery taskforce the international foreign bribery taskforce adopted the financial secrecy index as a core part of its corruption risk assessment go to source united nations human rights council un human rights council referenced in a report commissioned by the human right council on the impact of fiscal policy on human rights go to source us senate committee on the judiciary us senate committee on the judiciary the us senate committee on the judiciary announced ambitions in 2019 to improve its ranking on the financial secrecy index go to source moody s moody s the responsible investment network moody s esg solutions group formerly vigeo eiris has used the financial secrecy index in its country sustainability ratings go to source argentina anti corruption bureau argentina anti corruption bureau referenced in a study by argentina s anti corruption bureau oficina anticorrupción on tax havens and their impact on argentina go to source nigeria federal inland revenue services nigeria federal inland revenue services used in tax justice network collaboration with nigeria s federal inland revenue service studying the relative importance of different profit shifting channels go to source central bank of italy central bank of italy the italian central bank used the financial secrecy index for research into the determinants of financial flows to tax havens go to source french parliament and senate french parliament and senate the french parliament and senate has referenced the financial secrecy index multiple times for the senate in its report by the investigative commission on capital and tax flight go to source see full citation list go to full citations list about the financial secrecy index is a ranking of jurisdictions most complicit in helping individuals and legal vehicles to hide their finances from the rule of law the index is produced by the tax justice network and regularly updated on a rolling basis copyright license nearr copyright 2025 tax justice network find us on social media mailing address tax justice network 2nd floor south one castle park tower hill bristol united kingdom bs2 0ja provide feedback close license terms the data from the financial secrecy index is freely available for non commercial use however commercial users are required to pay a commercial licensing fee generally students academics journalists ngos governmental institutions and intergovernmental organisations fall under non commercial use please check our licensing page to check whether you qualify for a non commercial or commercial license all of the data from the financial secrecy index can be downloaded from the tax justice networks data portal by continuing to browse our site you accept our license