Chad Country Summary
Sanctions
No
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
Chad 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 Chad was undertaken in 2023. According to that Evaluation, Chad was deemed Compliant for 4 and Largely Compliant for 10 of the FATF 40 Recommendations. It was deemed Highly Effective for 0 and Substantially Effective 0 with regard to the 11 areas of Effectiveness of its AML/CFT Regime.
Sanctions
There are no international sanctions currently in force against this country
Bribery & Corruption
| Rating | 0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 20 |
| World Bank: Control of Corruption Percentile Rank | 5 |
Corruption is a significant barrier to foreign investment in Chad, affecting various government sectors such as procurement and taxation. Despite having an anti-corruption law, enforcement is weak, and prosecutions often appear politically motivated. The lack of effective oversight and the absence of specific protections for NGOs investigating corruption further exacerbate the issue, making it a high-risk environment for potential investors.
Economy
Chad's economy is heavily reliant on the petroleum sector, which has dominated since oil production began in 2003, while agriculture and livestock breeding also play significant roles, employing a large portion of the population. Despite its rich natural resources, Chad faces numerous economic challenges, including low human development, high poverty rates, and a lack of infrastructure, skilled labor, and reliable electricity, which hinder private sector growth and foreign investment.
Chad's investment climate is characterized by significant challenges, including inadequate transport infrastructure, low GDP growth, and a lack of skilled labor, which hinder private sector development. Despite these obstacles, the government actively seeks foreign investment, particularly in sectors such as agriculture, energy, and mining, and offers incentives like tax exemptions for significant operations. Successful foreign investors often collaborate with trusted local partners to navigate the complexities of the Chadian market.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
