Bonaire, Sint Eustatius and Saba Country Summary
Sanctions
Low Concern
FATF AML Deficient List
Low Concern
Terrorism
Low Concern
Corruption
Low Concern
US State ML Assessment
High Concern
Criminal Markets (GI Index)
Medium Concern
EU Tax Blacklist
Low Concern
Offshore Finance Center
Low Concern
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Anti Money Laundering
Bonaire, Sint Eustatius and Saba are special municipalities of the Netherlands. Information for the Netherlands may be included below:
FATF Status
The Netherlands is not on the FATF List of Countries that have been identified as having strategic AML deficiencies
Compliance with FATF Recommendations
The last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in the Netherlands was undertaken in 2022. According to that Evaluation, the Netherlands was deemed Compliant for 10 and Largely Compliant for 28 of the FATF 40 Recommendations. It was deemed Highly effective for 2 and Substantially Effective for 5 of the Effectiveness & Technical Compliance ratings.
Sanctions
There are no international sanctions currently in force against this country
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 78 |
| World Bank: Control of Corruption Percentile Rank | 96 |
Bonaire, Sint Eustatius, and Saba are special municipalities of the Netherlands, which adheres to international standards in combating corruption, as evidenced by its high ranking in Transparency International's Corruption Perception Index. The Netherlands has implemented anti-bribery legislation and established various agencies to combat corruption, including the Dutch Whistleblowers Authority. However, the country also faces significant challenges with human trafficking, drug trade, and financial crimes, necessitating robust governance and international cooperation to address these issues.
Economy
The economy of Bonaire, Sint Eustatius, and Saba is primarily driven by tourism, which is crucial for revenue and employment. The islands have limited agricultural activities and rely heavily on imports, while the use of the U.S. dollar since 2011 has provided economic stability, though challenges such as a small labor market and limited natural resources persist.
The investment climate in Bonaire, Sint Eustatius, and Saba benefits from their status as special municipalities of the Netherlands, offering legal and economic stability. However, potential investors may face bureaucratic hurdles and a need for improved infrastructure, despite ongoing government initiatives to enhance the business environment and attract foreign investment.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings