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's economy is primarily dependent on fishing and copra production, with limited natural resources and a shift from phosphate mining to a more aid-dependent structure. The country faces significant challenges, including high imports of essential goods and a low GDP, exacerbated by climate change, while international aid, remittances, and fishing licenses play crucial roles in its fragile economic framework.

Kiribati's investment climate is heavily influenced by its reliance on foreign aid and international partnerships, particularly for climate change adaptation efforts. The government is actively working to attract investment by improving infrastructure and the business environment, yet challenges such as geographical isolation and limited domestic production capabilities hinder progress. Despite potential growth in sectors like tourism and fisheries, significant barriers remain due to infrastructure deficits and environmental vulnerabilities.