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 substantial nickel reserves, which significantly contribute to its exports and result in a nominal GDP per capita of approximately $34,780. The economy has seen fluctuations, with real GDP growth averaging 3.3% in the early 2010s but slowing to 0.2% later due to economic uncertainties, while financial support from France plays a crucial role in maintaining economic stability.

New Caledonia's investment climate benefits from its status as a French overseas collectivity, which provides a stable legal framework for foreign investors. However, ongoing independence negotiations and uncertainties in the nickel sector may deter potential investors, despite the significant foreign investment attracted by the mining industry. The underdeveloped tourism sector also presents opportunities for growth, although it currently does not match the performance of other Pacific destinations.