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

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.

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 substantial nickel reserves, which significantly contribute to its exports. In 2019, the nominal GDP was approximately $9.44 billion, with a GDP per capita of $34,780, although income disparities exist between the more developed South Province and the less developed North Province and Loyalty Islands.

The investment climate in New Caledonia benefits from its status as a French overseas territory, which provides economic stability and access to European markets. However, ongoing independence negotiations and political uncertainties pose challenges for potential investors.