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 an anti-corruption agency and enhanced transparency in public life. Despite these measures, concerns remain regarding the effectiveness of enforcement against foreign bribery, as highlighted by the OECD's findings, which noted a lack of convictions and insufficient legislative reforms to address the dual criminality requirement. Overall, while France has made strides in creating a legal framework to counter corruption, challenges persist in its implementation and enforcement.

Mayotte's economy has seen significant growth since the late 20th century, primarily due to financial support from the French government, with a GDP of €2.66 billion and a per capita GDP of €9,692 as of 2019. However, the territory faces challenges such as high poverty rates, with 84% of the population living below the poverty line, and struggles in the agriculture sector due to high labor costs, while tourism presents a potential area for economic development.

Mayotte's investment climate benefits from its status as an overseas department of France, which ensures a stable legal and regulatory framework. However, civil unrest and ongoing economic challenges have introduced uncertainties that could deter potential investors, despite the government's efforts to attract investment, particularly in the tourism sector.