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, with a GDP of 8.4 billion euros as of 2014, is primarily dependent on tourism, agriculture, and financial support from mainland France. The agricultural sector has seen a decline, particularly in sugar production, leading to increased imports and a chronic trade deficit, while rum production and banana exports have gained some traction despite environmental challenges affecting local agriculture.

The investment climate in Martinique is shaped by its status as an overseas department of France, offering some financial stability but limiting local autonomy. High import costs and variable sea tolls can deter foreign investment, although there are opportunities for growth in tourism and agriculture. Ongoing infrastructure development and tourism initiatives aim to enhance the investment environment, yet reliance on external aid and environmental challenges remain significant risks.