Niue Country Summary
Sanctions
Low Concern
FATF AML Deficient List
Low Concern
Terrorism
Medium Concern
Corruption
Medium Concern
US State ML Assessment
Low Concern
Criminal Markets (GI Index)
Low Concern
EU Tax Blacklist
Low Concern
Offshore Finance Center
High Concern
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
Criminality
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, heavily reliant on tourism, agriculture, and foreign aid, with a GDP of approximately NZ$17 million as of 2003. Key agricultural exports include taro, vanilla, and noni, while fisheries are developed through joint ventures aimed at processing fresh fish for export. The government actively seeks to diversify the economy and improve infrastructure, particularly in tourism, by offering incentives to attract foreign investment.
Niue has a relatively stable investment climate, supported by its association with New Zealand, which provides economic assistance and development support. The government actively encourages foreign investment, particularly in the tourism sector, by offering tax concessions and incentives to attract investors. Efforts to diversify the economy and improve infrastructure, such as the establishment of the Fonuakula Industrial Park, further enhance the investment landscape.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings