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. This Act not only targets bribery within the UK but also extends its reach to offenses committed abroad by UK citizens and companies. The UK has established strong enforcement mechanisms, including the Serious Fraud Office, to investigate and prosecute corruption, ensuring that companies implement effective anti-bribery policies to avoid liability.

Pitcairn's economy is a small, territorial one that heavily relies on exports such as postage stamps, handicrafts, honey, and tinctures. Agriculture, particularly the cultivation of fruits and vegetables, along with fishing and honey production, plays a crucial role in supporting the local economy, although the island faces significant challenges due to limited infrastructure and reliance on aid from the UK and EU.

The investment climate in Pitcairn is challenged by its small population and limited economic opportunities, which make it difficult to attract new businesses or investors. Although the government has made efforts to stimulate growth by encouraging migration, strict requirements and a lack of job prospects deter potential newcomers.