The Falkland Islands (Malvinas) is a British Overseas Territory of the United Kingdom. Information for the United Kingdom may be included below:

FATF status

The United Kingdom is not 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 the United Kingdom was undertaken in 2022. According to that Evaluation, the United Kingdom was deemed Compliant for 24 and Largely Compliant for 15 of the FATF 40 Recommendations. It remains rated Highly Effective for 4 and Substantially Effective for 4 of the Effectiveness & Technical Compliance ratings.

The Falkland Islands, as a British Overseas Territory, adhere to the UK's legal framework regarding corruption, which is governed by the Bribery Act 2010. This Act establishes strict liability for bribery offenses, including those committed abroad, and mandates that companies implement effective anti-bribery policies to avoid corporate liability. The UK has a robust system for investigating and prosecuting corruption, with the Serious Fraud Office overseeing allegations and the Unexplained Wealth Order regime enabling law enforcement to investigate the origins of suspicious assets.

The economy of the Falkland Islands is primarily driven by the fishing industry, which contributes 50% to 60% of the annual GDP, alongside tourism and sheep farming focused on high-quality wool exports. Despite a low GDP ranking globally, the islands boast a high GDP per capita and a low unemployment rate of 1%, indicating a stable and healthy economy.

The investment climate in the Falkland Islands is marked by a strong commitment to economic diversification, particularly in the areas of oil exploration and tourism. The government's proactive funding of development projects, such as the Sea Lion oil project, has attracted international investor interest, positioning the islands as a promising destination for future investments, especially in the energy sector.