Kiribati Country Summary
Sanctions
No
FATF AML Deficient List
No but Mutual Evaluation not yet undertaken
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
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.
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 | 64 |
Economy
Kiribati's economy is primarily driven by fishing and copra exports, with a heavy dependence on international aid and remittances, making it one of the least developed nations globally. In 2023, the country experienced a real GDP growth rate of approximately 4.29%, supported by development assistance from international donors like Australia and Japan, despite ongoing challenges such as limited resources and vulnerability to climate change.
The investment climate in Kiribati is shaped by its status as a lower-middle-income country that heavily relies on external funding and aid. Although the government is making strides to enhance infrastructure and attract foreign investment, the overall environment is constrained by limited resources and climate change vulnerabilities. To ensure long-term economic stability and growth, it is essential for Kiribati to attract sustainable investments, particularly in sectors like tourism and fisheries.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
