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.
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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 UN Security Council to maintain international peace and security. The Security Council has established 31 sanctions regimes since 1966, which include various measures like economic sanctions and arms embargoes, and currently, there are 15 ongoing regimes focusing on political settlements and counter-terrorism.
The EU has extended sanctions against Niger to support ECOWAS in restoring constitutional order following a coup, emphasizing that military coups have consequences. These sanctions include asset freezes and travel bans, but also allow for humanitarian exemptions to ensure aid delivery, while other countries have suspended financial assistance to Niger.
Bribery & Corruption
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 34 |
| World Bank: Control of Corruption Percentile Rank | 32 |
Niger's constitution includes provisions for transparency in government asset reporting, and President Bazoum has prioritized combating corruption in his administration. The High Authority for the Fight against Corruption and Related Offenses (HALCIA) is tasked with investigating corruption but faces resource limitations and challenges in enforcement. Despite these obstacles, Niger has joined several international anti-corruption initiatives and has made some progress, although corruption remains a significant barrier to foreign direct investment.
Economy
Niger's economy has shown promising growth, with real GDP expected to rise by 6.9 percent in 2023 and further to 12.5 percent in 2024, largely driven by anticipated revenues from a new pipeline by the China National Petroleum Corporation. The government is actively seeking to attract foreign direct investment (FDI) through various reforms aimed at liberalizing the economy and enhancing the business climate, although challenges such as insecurity, limited infrastructure, and a shortage of skilled labor persist.
Niger's investment climate has seen a positive shift, with the government actively working to attract foreign direct investment (FDI) through reforms aimed at liberalizing the economy and creating new export processing zones. Despite the increasing interest from U.S. firms in sectors like energy and cybersecurity, challenges such as insecurity, limited infrastructure, and bureaucratic delays continue to deter potential investors. The establishment of the High Council for Investment and the introduction of an electronic platform for trade have been steps taken to improve the business environment.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
