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French Polynesia 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 Polynesia is an overseas collectivity 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 Polynesia, as an overseas collectivity of France, is subject to French laws aimed at combating corruption, including the "Loi Sapin II" which established an anti-corruption agency and mandated transparency in public life. Despite these measures, concerns remain regarding the effectiveness of enforcement, particularly in cases involving foreign bribery, as the country has faced criticism for insufficient prosecutions and a lack of clarity in legal definitions. Overall, while corruption is perceived as a low risk for businesses in France, ongoing challenges in public procurement and political funding continue to raise concerns.

Economy

French Polynesia has a small, tourism-based economy that significantly relies on imported goods and financial assistance from France, with tourism being a major contributor to its GDP. The economy faced a recession from 2009 to 2012 but began to recover in 2013, with a GDP per capita of approximately $21,615 in 2019, indicating a moderately developed economy dependent on external support.

The investment climate in French Polynesia benefits from its status as an overseas collectivity of France, providing stability and access to French markets. However, the economy's heavy reliance on tourism and imports presents challenges for potential investors. Opportunities exist in sectors like tourism and agriculture, particularly with unique products such as black Tahitian pearls, as the government aims to improve infrastructure to attract foreign investment.

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