Martinique is an overseas department and region of France. Information for France may be included below:

FATF Status

France 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 Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in France was undertaken in 2022. According to that Evaluation, France was deemed Compliant for 19 and Largely Compliant for 18 of the FATF 40 Recommendations. It was rated Highly Effective for 3 and Substantially Effective for 6 of the Effectiveness & Technical Compliance ratings.

Martinique, as an overseas department of France, is subject to French laws aimed at combating corruption, such as the "Loi Sapin II," which established an anti-corruption agency and mandated transparency in public life. Despite these efforts, concerns remain regarding the effectiveness of enforcement, particularly in cases of foreign bribery, as highlighted by the OECD's findings that many recommendations for improvement have not been fully implemented. Overall, while the legal framework is robust, the actual prosecution and prevention of corruption in France, especially in public procurement and political funding, still face significant challenges.

Martinique's economy is primarily driven by tourism and financial aid from mainland France, with a GDP of 8.4 billion euros in 2014. The agricultural sector has significantly declined, focusing mainly on banana exports and rum production from sugarcane, while tourism has emerged as a crucial source of foreign exchange, despite the island facing a chronic trade deficit.

The investment climate in Martinique benefits from its status as an overseas department of France, offering a stable legal framework and access to European markets. However, high import costs, a variable 'sea toll', and various government-imposed taxes can deter foreign investment, posing challenges to economic growth. Despite these hurdles, the island's strategic location and cultural appeal still attract some investment, particularly in the tourism sector.