FATF status

Kiribati is not on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

Kiribati has not yet undertaken a Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing.

Kiribati has a lower-middle-income economy that relies heavily on international aid and is characterized by limited natural resources and a public sector-dominated structure. The main economic activities include fishing and copra production, with a significant dependency on remittances and fishing licenses, while facing challenges such as high public debt and vulnerability to climate change.

The investment climate in Kiribati is shaped by its geographical isolation and limited infrastructure, which can hinder foreign investment. Despite government efforts to enhance the business environment through various initiatives and international partnerships, the country remains one of the least developed globally, relying heavily on external financial support. Opportunities for investors exist in sectors such as tourism and fisheries, although challenges related to climate change and economic stability continue to pose risks.