Fiji 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
Fiji 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 Fiji was undertaken in 2023. According to that Evaluation, Fiji was deemed Compliant for 13 and Largely Compliant for 21 of the FATF 40 Recommendations. It remains Highly effective for 0 and Substantially Effective for 0 of the Effectiveness & Technical Compliance ratings.
Sanctions
There are no international sanctions currently in force against this country
Bribery & Corruption
| Rating | 0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 52 |
| World Bank: Control of Corruption Percentile Rank | 65 |
Corruption remains a significant issue in Fiji, despite legal penalties and the establishment of the Fiji Independent Commission Against Corruption (FICAC), which has broad investigative powers. High-profile cases, including the sentencing of former Prime Minister Voreqe Bainimarama and former Attorney General Aiyaz Sayed-Khaiyum, highlight ongoing challenges in addressing corruption effectively. Public service announcements have encouraged citizen involvement in reporting corrupt activities, but personal relationships often influence business and government decisions.
Economy
Fiji, the second largest economy in the Pacific region, has fully recovered from the pandemic, primarily driven by a resurgence in tourism and increased remittances. However, growth is projected to slow to 3.4 percent in 2024 due to declining travel demand and capacity limits in tourism, alongside challenges such as a high debt-to-GDP ratio and labor skill shortages.
Fiji's investment climate is characterized by a welcoming stance towards foreign investment, supported by the Investment Act 2021, which streamlines business registration and enhances investor rights. However, challenges such as high debt-to-GDP ratios, bureaucratic inefficiencies, and skill shortages persist, hindering the ease of doing business. The government is focused on attracting investments in key sectors like tourism, energy, and ICT, while also promoting structural reforms to improve the overall investment environment.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
