Greenland is an autonomous territory within the Kingdom of Denmark. Information for Denmark may be included below:

FATF Status

Denmark 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 to the Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Denmark was undertaken in February 2021. According to that Evaluation, Denmark was deemed Compliant for 6 and Largely Compliant for 32 of the FATF 40 Recommendations. It was deemed Highly Effective for 0 and Substantially Effective for 3 of the Effectiveness & Technical Compliance ratings.

Denmark is recognized as one of the least corrupt countries globally, as highlighted by the 2023 Corruption Perceptions Index. While the Danish government effectively enforces anti-corruption laws, the OECD has raised concerns about insufficient prioritization of foreign bribery prevention and enforcement, noting that only one company has been convicted of foreign bribery since 2000. The OECD's Phase 4 report recommends that Denmark develop a comprehensive strategy to combat foreign bribery and enhance its legal framework to address these challenges.

Greenland's economy is predominantly driven by the fishing industry, which constitutes over 90% of its exports, mainly through shrimp and fish. The territory also has significant mineral resources, with mining for rubies and other minerals gaining traction as global prices increase, while the public sector is heavily supported by Danish grants, contributing to budget surpluses and low inflation.

Greenland's investment climate is shaped by its self-governing status within the Kingdom of Denmark, which maintains control over foreign affairs and defense. The government has recently prohibited new oil and gas exploration to prioritize sustainable development, while the growing interest in mineral extraction is tempered by environmental concerns and regulatory challenges. Balancing economic growth with environmental preservation remains a key focus for the territory.