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.

Niue's economy is classified as an upper-middle-income territory, heavily reliant on agriculture, tourism, and foreign aid, with a GDP estimated at $24.9 million in 2016. Major exports include handicrafts and agricultural products such as taro and noni juice, although the economy faces challenges like emigration and climate vulnerability. A post-pandemic tourism rebound has positively impacted the economy, while the government seeks to diversify and enhance the private sector.

Niue's investment climate benefits from its free association with New Zealand, which provides significant economic assistance and supports development projects. The government actively encourages foreign investment, particularly in the tourism sector, by offering tax concessions and incentives to attract investors. Additionally, the Niue Integrated Strategic Plan aims to enhance the private sector and diversify the economy while ensuring cultural and environmental integrity.