Central African Rep Country Summary
Sanctions
UN & EU sanctions in place
FATF AML Deficient List
No
Terrorism
Corruption
US State ML Assessment
Criminal Markets (GI Index)
EU Tax Blacklist
Offshore Finance Center
Please note that although the below Summary will give a general outline of the AML risks associated with the jurisdiction, if you are a Regulated entity then you may need to demonstrate that your Jurisdictional AML risk assessment has included a full assessment of the risk elements that have been identified as underpinning overall Country AML risk. To satisfy these requirements, we would recommend that you use our Subscription area.
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Anti Money Laundering
FATF Status
Central African Republic 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 relating to the implementation of anti-money laundering and counter-terrorist financing standards in the Central African Republic was undertaken in 2023. According to that Evaluation, the Central African Republic was deemed Compliant for 3 and Largely Compliant for 11 of the FATF 40 Recommendations. It was deemed Highly Effective for 0 and Substantially Effective for 0 of the Effectiveness Compliance ratings.
Sanctions
As a UN member, this country must adhere to sanctions imposed by the UN Security Council, which aims to maintain international peace and security through various measures. Since 1966, the Security Council has established 31 sanctions regimes, including economic sanctions and targeted measures like arms embargoes and travel bans, with a focus on protecting the rights of those affected.
Currently, there are 15 ongoing sanctions regimes addressing issues like political conflict resolution and counter-terrorism. The Central African Republic faces strict arms export prohibitions and asset freezes, while the U.S. has specific policies regulating defense articles and services, allowing exceptions for humanitarian and security purposes.
Bribery & Corruption
| Rating | 0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 24 |
| World Bank: Control of Corruption Percentile Rank | 9 |
Corruption poses a significant risk for companies in the Central African Republic (CAR), particularly following the political instability and violence that erupted after the 2013 coup. The pre-existing corruption issues have worsened, contributing to the state's fragility, with bribery and extortion being widespread and impunity remaining a critical concern. Despite CAR's ratification of the United Nations Convention Against Corruption, efforts to combat corruption are largely ineffective.
Economy
The Central African Republic (CAR) has a predominantly agrarian economy, with agriculture contributing significantly to its GDP, yet it remains one of the poorest countries globally due to high levels of poverty and a low GDP per capita. The economy is heavily reliant on subsistence farming and informal markets, and its performance is adversely affected by ongoing civil conflict, weak infrastructure, and limited market access.
The investment climate in the Central African Republic is severely hampered by political instability and security concerns, which significantly deter foreign investment. The country ranks low on the World Bank's ease of doing business index, highlighting regulatory challenges and inadequate infrastructure. Despite efforts to improve the situation, ongoing civil conflict and governance issues continue to pose substantial risks for potential investors.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
