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 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 effectiveness of enforcement, particularly in cases involving foreign bribery, as France has faced criticism for not fully implementing recommendations from the OECD Working Group on Bribery. The investment climate in France is generally favorable, with corruption perceived as a low risk for businesses, although issues persist in public procurement and political funding.

New Caledonia's economy is primarily driven by its significant nickel reserves, which are crucial for exports, contributing to an estimated GDP of approximately $9.623 billion in 2021. The territory faces challenges such as a high cost of living, income inequality between regions, and reliance on global nickel prices, alongside financial support from France that aids economic stability.

The investment climate in New Caledonia benefits from its status as a French overseas collectivity, which offers stability and access to European markets. However, challenges such as a heavy reliance on the nickel sector, high cost of living, underdeveloped tourism, and a trade deficit may deter potential investors.