French Guiana Country Summary
Sanctions
Lower Concern
FATF AML Deficient List
Lower Concern
Terrorism
Lower Concern
Corruption
Lower Concern
US State ML Assessment
Medium Concern
Criminal Markets (GI Index)
Medium Concern
EU Tax Blacklist
Lower Concern
Offshore Finance Center
Lower Concern
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
French Guiana is an overseas department and region of France. Information for France may be included below:
FATF Status
France is not on the FATF List of Countries that have been identified as having strategic AML deficiencies
Compliance with FATF Recommendations
The latest follow-up Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in France was undertaken in 2022. According to that Evaluation, France was deemed Compliant for 19 and Largely Compliant for 18 of the FATF 40 Recommendations. It was rated Highly Effective for 3 and Substantially Effective for 6 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 | 67 |
| World Bank: Control of Corruption Percentile Rank | 84 |
French Guiana, as an overseas department of France, is subject to French laws aimed at combating corruption, including the 2017 law on "Restoring Confidence in Public Life" and the "Loi Sapin II," which established an anti-corruption agency and enhanced transparency measures. Despite these efforts, concerns remain regarding the enforcement of anti-corruption laws, particularly in cases involving foreign bribery, where the prosecution rates and legislative reforms have not met expectations. France's commitment to addressing corruption is further complicated by ongoing questions about the independence of its judicial authorities and the effectiveness of its anti-corruption initiatives.
Economy
French Guiana's economy is largely supported by its ties to the French Republic and the European Union, with the euro as its currency. While the region experienced robust growth from the 1960s to the 2000s, it has faced economic challenges since 2013, including stagnation and a recession due to the COVID-19 pandemic, alongside persistent high unemployment rates.
The investment climate in French Guiana benefits from its status as a French overseas department, offering a stable legal framework and access to EU funding. However, challenges such as high unemployment, social unrest, and reliance on subsidies from mainland France may deter potential investors, while ongoing infrastructure deficiencies and high living costs further complicate the attraction of substantial foreign investment.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings