Niue 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
Niue is not on the FATF List of Countries that have been identified as having strategic AML deficiencies
Compliance with FATF Recommendations
It should be noted that the new style FATF Mutual Evaluation has not yet been undertaken.
The last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Niue was undertaken by the Financial Action Task Force (FATF) in 2012. According to that Evaluation, Niue was deemed Compliant for 3 and Largely Compliant for 10 of the FATF 40 + 9 Recommendations. It was Partially Compliant or Non-Compliant for 5 of the 6 Core Recommendations.
Sanctions
There are no international sanctions currently in force against this country
Bribery & Corruption
| Rating | 0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | NA |
| World Bank: Control of Corruption Percentile Rank | NA |
Economy
Niue's economy is classified as an upper-middle-income self-governing territory, with a GDP that grew from approximately NZ$17 million in 2003 to US$24.9 million by 2016. The economy is heavily reliant on agriculture, fisheries, and tourism, supported by significant foreign aid from New Zealand, while exports remain limited at $5.68 million in 2021 compared to imports of $43.8 million.
Niue's investment climate is positively influenced by its strategic partnerships, particularly with New Zealand, which provides significant economic assistance and encourages foreign investment in sectors like tourism and agriculture. The government actively promotes foreign investment through tax concessions and incentives, while also focusing on enhancing the private sector and economic resilience, especially after natural disasters.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
