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, including the "Loi Sapin II," which established an anti-corruption agency and mandated transparency in public life. Despite these measures, concerns remain regarding the enforcement of anti-corruption laws, particularly in cases involving foreign bribery, where the legal framework has not fully addressed issues such as the dual criminality requirement and the independence of prosecutors. France's commitment to improving its corruption perception is evident, but significant challenges persist in effectively prosecuting and preventing corrupt practices.

Martinique's economy, with a GDP of 8.4 billion euros as of 2014, is heavily dependent on tourism and financial aid from mainland France, while its agricultural sector has declined, particularly in sugar and banana production. The island faces a chronic trade deficit and challenges in agriculture due to contamination issues, but its strategic location and tourism potential present opportunities for growth in hospitality and services.

The investment climate in Martinique benefits from its status as an overseas department of France, which provides a stable legal framework and access to European markets. However, high import costs and a reliance on external aid present challenges that may deter potential investors. Despite these obstacles, the island's strategic location and tourism potential create opportunities for growth in sectors such as hospitality and services.