FATF Status

Anguilla is not on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

It should be noted that the new style FATF Mutual Evaluation has not yet been undertaken. 

The last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Anguilla was undertaken by the Financial Action Task Force (FATF) in 2012. According to that Evaluation, Anguilla was deemed Compliant for 11 and Largely Compliant for 17 of the FATF 40 + 9 Recommendations. It was Partially Compliant or Non-Compliant for 3 of the 6 Core Recommendations. In 2015, it was recognised that Anguilla had made significant progress in addressing deficiencies identified in its original Mutual Evaluation report and, therefore, it was decided that the country should be removed from the regular follow-up process and agreed that it should now report on any further improvements its Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) system on a biennial basis.

Anguilla's economy is predominantly driven by tourism, offshore financial services, and fishing, with a heavy dependence on imported goods due to limited agricultural production. The territory has faced significant economic challenges from the COVID-19 pandemic and natural disasters, but recovery efforts, particularly in tourism, are in progress. Additionally, Anguilla's favorable investment climate, characterized by no corporate taxes and a stable currency pegged to the US dollar, attracts foreign investors.

Anguilla presents a favorable investment climate, notably due to the absence of capital gains and corporate taxes, which attracts foreign investors. The government's focus on renewable energy initiatives and infrastructure improvements, including new international air services, further enhances its investment appeal. Additionally, the growing interest in Anguilla's '.ai' top-level domain is expected to generate significant revenue, contributing positively to the economic landscape.