Pitcairn is a British Overseas Territory of the United Kingdom. Information for the United Kingdom may be included below:

FATF status

The United Kingdom is not on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

The last follow-up Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in the United Kingdom was undertaken in 2022. According to that Evaluation, the United Kingdom was deemed Compliant for 24 and Largely Compliant for 15 of the FATF 40 Recommendations. It remains rated Highly Effective for 4 and Substantially Effective for 4 of the Effectiveness & Technical Compliance ratings.

Pitcairn, as a British Overseas Territory, adheres to the UK's robust legal framework against corruption, primarily governed by the Bribery Act 2010, which holds individuals and companies accountable for bribery both domestically and internationally. The Act mandates that organizations implement effective anti-bribery measures to avoid corporate liability, and the Serious Fraud Office (SFO) actively investigates allegations of bribery involving British nationals or companies. Overall, while isolated instances of corruption may occur, the UK maintains high ethical standards in business practices, supported by effective enforcement mechanisms.

Pitcairn's economy is a small, isolated British territorial economy that relies heavily on the export of postage stamps, handicrafts, honey, and tinctures, with agriculture and fishing playing vital roles. The island's fertile soil supports a variety of tropical fruits and vegetables, while its high-quality honey contributes significantly to export revenues, although the economy faces vulnerabilities due to limited infrastructure and dependence on external aid.

The investment climate in Pitcairn is challenging due to its small population and limited economic opportunities, which deter potential investors. Although the government has made efforts to attract migrants and investment, high entry costs and restrictions on employment during initial residency periods have hindered these initiatives.