Mayotte 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.

Mayotte, as an overseas department of France, is subject to French laws aimed at combating corruption, including the "Loi Sapin II" which established a new anti-corruption agency and enhanced transparency measures. Despite these efforts, concerns remain regarding the effectiveness of enforcement against foreign bribery, with many recommendations from the OECD still unimplemented. The investment climate in France is generally favorable, with low corruption risk for businesses, although issues persist in public procurement and political funding.

Mayotte's economy has seen significant growth since the late 20th century, largely due to financial transfers from the French government, with a GDP of €2.66 billion in 2019 and a GDP per capita of €9,692. The local economy relies heavily on public services and infrastructure, while agriculture faces challenges from insecurity and competition. Despite high unemployment and civil unrest, the economy has shown resilience and potential for further development, particularly in tourism.

The investment climate in Mayotte benefits from its status as an overseas department of France, providing stability and access to European markets. However, high unemployment rates and civil unrest pose challenges that may deter potential investors. Despite these issues, the territory's integration into the French economic framework presents opportunities for development, especially in tourism and public services.