New Caledonia is a special collectivity 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

In 2011, it was recognised that France had made significant progress in addressing deficiencies identified in its original Mutual Evaluation report and, therefore, it was decided that the country should be removed from the regular follow-up process and agreed that it should now report on any further improvements its Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) system on a biennial basis.

New Caledonia, as a special collectivity of France, is subject to French anti-corruption laws aimed at enhancing public trust and transparency. The "Loi Sapin II" and other legislative measures have established a framework for combating corruption, including the creation of an anti-corruption agency and requirements for lobbyists to register. Despite these efforts, concerns remain regarding the effectiveness of enforcement, particularly in cases of foreign bribery, as well as the perceived influence of political power on judicial processes.

New Caledonia's economy is primarily driven by its rich nickel resources, which significantly contribute to its exports and make it one of the world's largest nickel producers. The nominal GDP per capita was approximately $34,780 in 2019, indicating a relatively high standard of living, although the territory faces a trade deficit and relies heavily on imports, with financial support from France playing a crucial role in sustaining economic stability.

New Caledonia's investment climate benefits from its status as a French overseas collectivity, which ensures a stable legal framework for foreign investors. However, ongoing political tensions and uncertainty regarding independence referenda pose challenges for long-term investment decisions. Despite these issues, the territory's rich natural resources, particularly in the nickel sector, and its strategic location offer potential growth opportunities.