Banking Secrecy Index

Raw value is a Nomadino 0-100 point value for usable banking and financial privacy. It uses the Tax Justice Network Financial Secrecy Index secrecy-score side as the main anchor, then combines bank-data confidentiality, beneficial-ownership opacity, resistance to automatic tax-information exchange and a small AML/KYC opacity factor. Higher is better and the score equals the raw value; closed or heavily disrupted banking systems are capped because opacity alone is not usable banking secrecy.
1 Cayman Islands72 index points 72 index points 72
2 British Virgin Islands71 index points 71 index points 71
3 United States70 index points 70 index points 70
4 Bahamas65 index points 65 index points 65
4 Liechtenstein65 index points 65 index points 65
4 United Arab Emirates65 index points 65 index points 65
7 Anguilla64 index points 64 index points 64
7 Panama64 index points 64 index points 64
7 Turks and Caicos Islands64 index points 64 index points 64
10 Antigua and Barbuda62 index points 62 index points 62
10 Bermuda62 index points 62 index points 62
10 Hong Kong62 index points 62 index points 62
13 Belize61 index points 61 index points 61
13 Monaco61 index points 61 index points 61
13 Seychelles61 index points 61 index points 61
13 Singapore61 index points 61 index points 61
13 Switzerland61 index points 61 index points 61
13 Vanuatu61 index points 61 index points 61
19 Andorra60 index points 60 index points 60
19 Macau60 index points 60 index points 60
21 Cook Islands58 index points 58 index points 58
21 Mauritius58 index points 58 index points 58
21 San Marino58 index points 58 index points 58
24 Bahrain57 index points 57 index points 57
24 Luxembourg57 index points 57 index points 57
26 Curacao56 index points 56 index points 56
27 Benin55 index points 55 index points 55
27 Bhutan55 index points 55 index points 55
27 Bolivia55 index points 55 index points 55
27 Bosnia and Herzegovina55 index points 55 index points 55
27 Brunei55 index points 55 index points 55
27 Burkina Faso55 index points 55 index points 55
27 Burundi55 index points 55 index points 55
27 Cambodia55 index points 55 index points 55
27 Cameroon55 index points 55 index points 55
27 Central African Republic55 index points 55 index points 55
27 Chad55 index points 55 index points 55
27 Comoros55 index points 55 index points 55
27 Congo55 index points 55 index points 55
27 Congo DR55 index points 55 index points 55
27 Djibouti55 index points 55 index points 55
27 Dominica55 index points 55 index points 55
27 Dominican Republic55 index points 55 index points 55
27 El Salvador55 index points 55 index points 55
27 Equatorial Guinea55 index points 55 index points 55
27 Ethiopia55 index points 55 index points 55
27 Gabon55 index points 55 index points 55
27 Guatemala55 index points 55 index points 55
27 Guinea55 index points 55 index points 55
27 Guyana55 index points 55 index points 55
27 Honduras55 index points 55 index points 55
27 Iraq55 index points 55 index points 55
27 Kuwait55 index points 55 index points 55
27 Kyrgyzstan55 index points 55 index points 55
27 Laos55 index points 55 index points 55
27 Liberia55 index points 55 index points 55
27 Madagascar55 index points 55 index points 55
27 Mali55 index points 55 index points 55
27 Marshall Islands55 index points 55 index points 55
27 Mauritania55 index points 55 index points 55
27 Micronesia55 index points 55 index points 55
27 Mongolia55 index points 55 index points 55
27 Montenegro55 index points 55 index points 55
27 Montserrat55 index points 55 index points 55
27 Nicaragua55 index points 55 index points 55
27 Niger55 index points 55 index points 55
27 Palau55 index points 55 index points 55
27 Palestine55 index points 55 index points 55
27 Papua New Guinea55 index points 55 index points 55
27 Paraguay55 index points 55 index points 55
27 Qatar55 index points 55 index points 55
27 Saint Kitts and Nevis55 index points 55 index points 55
27 Saint Lucia55 index points 55 index points 55
27 Saint Vincent and the Grenadines55 index points 55 index points 55
27 SĂ£o TomĂ© and PrĂ­ncipe55 index points 55 index points 55
27 Saudi Arabia55 index points 55 index points 55
27 Sierra Leone55 index points 55 index points 55
27 Solomon Islands55 index points 55 index points 55
27 Suriname55 index points 55 index points 55
27 Swaziland55 index points 55 index points 55
27 Tajikistan55 index points 55 index points 55
27 Togo55 index points 55 index points 55
27 Tonga55 index points 55 index points 55
27 Trinidad and Tobago55 index points 55 index points 55
27 U.S. Virgin Islands55 index points 55 index points 55
27 Uzbekistan55 index points 55 index points 55
27 Vietnam55 index points 55 index points 55
27 Zanzibar55 index points 55 index points 55
89 Grenada54 index points 54 index points 54
89 Nauru54 index points 54 index points 54
89 Nepal54 index points 54 index points 54
89 Puerto Rico54 index points 54 index points 54
89 Russia54 index points 54 index points 54
94 Barbados53 index points 53 index points 53
94 Gibraltar53 index points 53 index points 53
94 Niue53 index points 53 index points 53
94 Samoa53 index points 53 index points 53
98 American Samoa52 index points 52 index points 52
98 Belarus52 index points 52 index points 52
98 Cyprus52 index points 52 index points 52
98 Egypt52 index points 52 index points 52
98 Gambia52 index points 52 index points 52
98 Guam52 index points 52 index points 52
98 Maldives52 index points 52 index points 52
98 Mozambique52 index points 52 index points 52
98 Northern Mariana Islands52 index points 52 index points 52
98 Oman52 index points 52 index points 52
98 Sri Lanka52 index points 52 index points 52
109 Algeria51 index points 51 index points 51
109 Austria51 index points 51 index points 51
109 Serbia51 index points 51 index points 51
109 Sint Maarten51 index points 51 index points 51
113 Aruba50 index points 50 index points 50
113 Azerbaijan50 index points 50 index points 50
113 Bangladesh50 index points 50 index points 50
113 Fiji50 index points 50 index points 50
113 Haiti50 index points 50 index points 50
113 Ivory Coast50 index points 50 index points 50
113 Jordan50 index points 50 index points 50
113 Kazakhstan50 index points 50 index points 50
113 Lesotho50 index points 50 index points 50
113 Malawi50 index points 50 index points 50
113 Namibia50 index points 50 index points 50
113 Tanzania50 index points 50 index points 50
113 Tunisia50 index points 50 index points 50
113 Zimbabwe50 index points 50 index points 50
127 Angola49 index points 49 index points 49
127 North Macedonia49 index points 49 index points 49
129 Costa Rica48 index points 48 index points 48
129 Senegal48 index points 48 index points 48
129 Thailand48 index points 48 index points 48
129 Uganda48 index points 48 index points 48
133 China47 index points 47 index points 47
133 Georgia47 index points 47 index points 47
133 Kosovo47 index points 47 index points 47
133 Malta47 index points 47 index points 47
137 Armenia46 index points 46 index points 46
137 Botswana46 index points 46 index points 46
137 Moldova46 index points 46 index points 46
137 Turkmenistan46 index points 46 index points 46
137 Ukraine46 index points 46 index points 46
137 Venezuela46 index points 46 index points 46
137 Zambia46 index points 46 index points 46
144 Albania44 index points 44 index points 44
144 Jamaica44 index points 44 index points 44
144 Malaysia44 index points 44 index points 44
144 Pakistan44 index points 44 index points 44
144 Philippines44 index points 44 index points 44
144 Rwanda44 index points 44 index points 44
150 Turkey43 index points 43 index points 43
150 Uruguay43 index points 43 index points 43
152 Ecuador42 index points 42 index points 42
152 Libya42 index points 42 index points 42
152 Myanmar42 index points 42 index points 42
152 Nigeria42 index points 42 index points 42
152 Peru42 index points 42 index points 42
152 United Kingdom42 index points 42 index points 42
158 Chinese Taipei40 index points 40 index points 40
158 Cuba40 index points 40 index points 40
158 Guinea-Bissau40 index points 40 index points 40
158 Kiribati40 index points 40 index points 40
158 Lebanon40 index points 40 index points 40
158 Timor-Leste40 index points 40 index points 40
158 Tuvalu40 index points 40 index points 40
165 Hungary39 index points 39 index points 39
165 Indonesia39 index points 39 index points 39
165 Mexico39 index points 39 index points 39
165 Morocco39 index points 39 index points 39
165 Saint-Martin39 index points 39 index points 39
170 Cape Verde38 index points 38 index points 38
170 Eritrea38 index points 38 index points 38
170 Kenya38 index points 38 index points 38
170 Latvia38 index points 38 index points 38
174 Bulgaria37 index points 37 index points 37
175 Colombia36 index points 36 index points 36
175 Israel36 index points 36 index points 36
175 New Caledonia36 index points 36 index points 36
175 South Sudan36 index points 36 index points 36
175 Sudan36 index points 36 index points 36
175 Tahiti36 index points 36 index points 36
181 Argentina35 index points 35 index points 35
181 Chile35 index points 35 index points 35
181 Mayotte35 index points 35 index points 35
181 Romania35 index points 35 index points 35
181 Saint Pierre and Miquelon35 index points 35 index points 35
181 Wallis and Futuna35 index points 35 index points 35
187 Faroe Islands34 index points 34 index points 34
187 Yemen34 index points 34 index points 34
189 Brazil33 index points 33 index points 33
189 French Guiana33 index points 33 index points 33
189 Germany33 index points 33 index points 33
189 Ghana33 index points 33 index points 33
189 Greece33 index points 33 index points 33
189 Greenland33 index points 33 index points 33
189 Guadeloupe33 index points 33 index points 33
189 India33 index points 33 index points 33
189 Italy33 index points 33 index points 33
189 Martinique33 index points 33 index points 33
189 Poland33 index points 33 index points 33
189 Portugal33 index points 33 index points 33
189 RĂ©union33 index points 33 index points 33
202 Afghanistan32 index points 32 index points 32
202 Croatia32 index points 32 index points 32
202 Czech Republic32 index points 32 index points 32
202 Ireland32 index points 32 index points 32
202 Japan32 index points 32 index points 32
202 Korea Republic32 index points 32 index points 32
202 Lithuania32 index points 32 index points 32
202 Netherlands32 index points 32 index points 32
202 Slovakia32 index points 32 index points 32
202 Slovenia32 index points 32 index points 32
202 Syria32 index points 32 index points 32
213 Iceland31 index points 31 index points 31
213 South Africa31 index points 31 index points 31
215 Belgium30 index points 30 index points 30
215 France30 index points 30 index points 30
215 Spain30 index points 30 index points 30
218 Australia29 index points 29 index points 29
218 Canada29 index points 29 index points 29
220 Estonia28 index points 28 index points 28
220 Iran28 index points 28 index points 28
220 Somalia28 index points 28 index points 28
220 Western Sahara28 index points 28 index points 28
224 New Zealand27 index points 27 index points 27
225 Denmark25 index points 25 index points 25
225 Finland25 index points 25 index points 25
225 Norway25 index points 25 index points 25
225 Sweden25 index points 25 index points 25
229 Korea DPR22 index points 22 index points 22

Last rating: June 18th, 2026

How the Raw Value Is Calculated

The raw value is a Nomadino 0-100 point value for usable banking and financial privacy. 100 means very strong financial confidentiality in a practically usable banking environment; 0 means very low confidentiality or banking secrecy that is not practically usable. The score equals the raw value.

The calculation combines five blocks: the secrecy-score side of the Tax Justice Network Financial Secrecy Index counts for 45%, bank-data confidentiality 20%, beneficial-ownership opacity 15%, resistance to automatic tax-information exchange 15%, and a small AML and identity-check opacity block 5%.

Nomadino deliberately does not use the Financial Secrecy Index rank or total FSI value as the direct raw value. Those values also measure how large a financial centre is internationally. This indicator instead asks how much banking and financial privacy a location provides legally and practically.

Automatic tax-information exchange receives a smaller weight because Nomadino already has a separate indicator for it. Here it only ensures that broad CRS or FATCA reporting structures visibly reduce banking privacy without dominating the whole indicator.

Opacity alone is not enough for a good rating. Closed, heavily sanctioned, war-affected or practically disrupted banking systems receive a usability cap. North Korea, Syria or similar cases therefore cannot rank near the top simply because foreign authorities have little visibility there.

For countries and territories without complete separate coverage, Nomadino uses maintained replacement values. They are checked against the administering state, financial-centre role, local supervisory sources, CRS and FATCA status, regional peers and existing Nomadino finance indicators.

Account opening for foreigners, banking stability, international transfers, ATMs, fintech, tax rates and double-tax treaties are not directly measured. These topics have separate or neighbouring indicators.