Gibraltar Country Summary
Sanctions
No
FATF AML Deficient List
Yes
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
Gibraltar is no longer on the FATF List of Countries that have been identified as having strategic AML deficiencies
Latest FATF Statement - 23 February 2024
The FATF welcomes Gibraltar’s significant progress in improving its AML/CFT regime. Gibraltar strengthened the effectiveness of its AML/CFT regime to meet the commitments in its action plan regarding the strategic deficiencies that the FATF identified in June 2022 including by (1) applying effective, proportionate, and dissuasive sanctions for AML/CFT breaches in non-bank financial institutions and DNFBPs sectors; and (2) pursuing final confiscation judgments commensurate with the risk and context of Gibraltar. Gibraltar is therefore no longer subject to the FATF’s increased monitoring process.
Gibraltar should continue to work with MONEYVAL to sustain its improvements in its AML/CFT system.
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 Gibraltar was undertaken in May 2024. According to that Evaluation, Gibraltar was deemed Compliant for 22 and Largely Compliant for 18 of the FATF 40 Recommendations. It remains Highly Effective for 0 and Substantially Effective for 1 of the Effectiveness ratings.
Sanctions
There are no international sanctions currently in force against this country
Bribery & Corruption
| Rating | 0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | NA |
| World Bank: Control of Corruption Percentile Rank | NA |
Economy
Gibraltar's economy is primarily driven by financial services, e-gaming, tourism, and shipping, with a notable contribution from duty-free retail sales. The territory has transitioned from a military-dependent economy in the 1980s to a more diversified structure today, featuring one of the lowest unemployment rates globally and a labor force that includes many non-Gibraltarians.
Gibraltar presents a favorable investment climate, highlighted by a low corporate tax rate of 10% and a highly regulated financial sector, making it appealing for international businesses. The introduction of a regulatory framework for Distributed Ledger Technology in 2018 further enhances its position as an innovative jurisdiction. Additionally, Gibraltar's common law legal system and access to the EU single market, despite its non-member status post-Brexit, contribute to its reputation as a secure and reliable investment destination.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
