French Guiana 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
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
Bribery & Corruption
| Rating | 0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 71 |
| 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 "Loi Sapin II," which established an anti-corruption agency and enhanced transparency measures. Despite these efforts, concerns remain regarding the effectiveness of enforcement, particularly in cases involving foreign bribery, as highlighted by the OECD's findings that many recommendations for improvement have not been fully implemented. Overall, while the legal framework is robust, challenges persist in ensuring accountability and addressing corruption in public procurement and political funding.
Economy
French Guiana's economy is primarily driven by the Guiana Space Centre, which is crucial for local employment and GDP, alongside traditional industries like gold mining and fishing. Despite past economic growth, the region has faced challenges since 2013, including high unemployment and reliance on subsidies from mainland France, while agriculture remains underdeveloped.
The investment climate in French Guiana benefits from its status as an overseas department of France, which offers a stable legal and regulatory framework for investors. However, challenges such as high unemployment and social unrest may deter potential investments, despite the presence of the Guiana Space Centre attracting some foreign investment, particularly in the aerospace sector.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
