The methodology that we have used relies upon expert qualitative judgment to consider all of the inputs and to derive an overall risk factor based on this rather than mathematical computations.

The overall results and scores of the country risk assessment provide a simplified methodology for comparison of countries based on a wide variety of independent sources using inconsistent metrics.

As a result, the overall country risk assessment tool should not be viewed as a factual or purely quantitative measurement of country risk but can be used to inform the user of the assessments made by leading international bodies against different risk dimensions. Users have the ability to over-ride and modify the country risk settings based on their own interpretation, if their view differs to that of our expert panel.

Country risk is not a static variable due to a diverse set of changes that can occur including changes to; government or political regimes; wars and civil conflicts; government regulations; co-operation with international treaties; international sanctions; economic stability and many other factors. The country risk assessment tool is updated bi-annually, meaning that one or more risk factors could change in between the periods when the tool is updated and the current situation may reflect differences in the country risk assessment model at any given point in time.

Similarly, the third-party data sources that are used in the country risk assessment tool is conducted by the third parties at different intervals and therefore the current results may not exactly reflect the situation. An example of this would be the Financial Action Task Force (FATF) or regional FATF bodies that conduct mutual evaluations of more than 140 member countries, typically on a four-year review cycle, meaning that in the interim period the country may have implemented and improved the controls which may effectively reduce the risk than the one reported until such time as the next mutual evaluation is conducted.

Finally, not every country is included in every one of the third-party data sources. In the absence of data a professional expert assessment has been made to normalise the score for this particular factor based on an assessment of other factors.