FATF Status

Antigua & Barbuda is no longer on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

The last Follow-up Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Antigua & Barbuda was undertaken in November 2021. According to that Evaluation, Antigua & Barbuda was deemed Compliant for 11 and Largely Compliant for 25 of the FATF 40 Recommendations. It remained Highly Effective for 0 and Substantially Effective 0 with regard to the 11 areas of Effectiveness of its AML/CFT Regime.

Antigua and Barbuda has laws against corruption, which are generally enforced when proven, but allegations against officials are common and often lead to few investigations. The Integrity in Public Life Act mandates public officials to disclose their income and assets, yet the independent commission responsible for enforcing this law is under-resourced and criticized for inadequate enforcement. Additionally, while the Freedom of Information Act allows citizens to access official documents, practical difficulties hinder this process, suggesting a need for stronger oversight and resources.

Antigua and Barbuda's economy is primarily driven by tourism and related sectors, making it vulnerable to external shocks such as climate change and global economic downturns. The International Monetary Fund (IMF) forecasts a growth of 6.1 percent in 2024, supported by a rebound in tourism and increased construction activity, with positive real GDP growth expected to continue through 2025.

Antigua and Barbuda actively encourages foreign direct investment (FDI) through the Antigua and Barbuda Investment Authority (ABIA), which provides support and facilitates dialogue with investors. There are no restrictions on foreign ownership, allowing investors to hold up to 100 percent of their investments, particularly in priority sectors such as tourism, agriculture, and marine services. However, potential investors should be aware of an unresolved expropriation dispute involving an American-owned property, which may necessitate careful consideration before investing.