Niger Country Summary
Sanctions
No
FATF AML Deficient List
No
Terrorism
Corruption
US State ML Assessment
Criminal Markets (GI Index)
EU Tax Blacklist
Offshore Finance Center
Please note that although the below Summary will give a general outline of the AML risks associated with the jurisdiction, if you are a Regulated entity then you may need to demonstrate that your Jurisdictional AML risk assessment has included a full assessment of the risk elements that have been identified as underpinning overall Country AML risk. To satisfy these requirements, we would recommend that you use our Subscription area.
If you would like a demo of our Subscription area, please reserve a day/time that suits you best using this link, or you may Contact Us for further information.
Anti Money Laundering
FATF status
Niger is not on the FATF List of Countries that have been identified as having strategic AML deficiencies
Compliance with FATF Recommendations
The last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Niger was undertaken in 2021. According to that Evaluation, Niger was deemed Compliant for 10 and Largely Compliant for 16 of the FATF 40 Recommendations. It remains Highly effective for 0 and Substantially Effective for 0 of the Effectiveness & Technical Compliance ratings.
Sanctions
Niger, as a UN member, must adhere to sanctions imposed by the United Nations to maintain international peace and security. The UN Security Council has established 31 sanctions regimes since 1966, which include various measures like economic sanctions and travel bans, with a focus on protecting the rights of those targeted.
The EU has extended sanctions against Niger to support efforts for a return to constitutional order following a coup, while ECOWAS revoked its sanctions in February 2024. Additionally, several countries and organizations, including the EU and the US, have suspended financial assistance to Niger.
Bribery & Corruption
| Rating | 0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 32 |
| World Bank: Control of Corruption Percentile Rank | 31 |
Niger's constitution promotes transparency in government, particularly regarding asset declarations by officials, yet many officials reportedly underreport their assets. The High Authority for the Fight against Corruption and Related Offenses (HALCIA) is responsible for investigating corruption but faces resource limitations and challenges in enforcing anti-corruption laws. Despite these issues, Niger has joined several international anti-corruption initiatives and has made some progress in addressing corruption, although it remains a significant obstacle for foreign direct investment.
Economy
Niger's economy has shown signs of growth, with a projected real GDP growth of 6.9% in 2023 and an increase to 12.5% in 2024, largely driven by expected revenues from a new pipeline by the China National Petroleum Corporation. The government is actively working to attract foreign direct investment (FDI) through reforms aimed at liberalizing the economy and improving the business climate, although challenges such as insecurity, limited infrastructure, and a small market size remain significant barriers.
Niger's investment climate has seen a positive shift with increased foreign direct investment (FDI) over the past decade, driven by government reforms aimed at liberalizing the economy and attracting international investors. The establishment of the High Council for Investment and an electronic platform to streamline trade processes reflects the government's commitment to improving the business environment. However, challenges such as insecurity, limited infrastructure, and bureaucratic hurdles continue to deter potential investors.
Buy Full Niger Report
$125 one time payment
- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
