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 overseas territory that relies heavily on exports such as postage stamps, handicrafts, and honey, alongside significant aid from the UK and EU. Agriculture is limited, with some fruits and vegetables produced, while fishing contributes to food and trade. The economy faces challenges due to its remote location and small population, although tourism is emerging as a growing sector.

The investment climate in Pitcairn is challenging due to its small population and remote location, which restricts economic opportunities. Efforts to attract migrants have encountered obstacles, as potential newcomers face high financial requirements and employment restrictions during a trial period. Despite these challenges, tourism is emerging as a growing sector, contributing to the local economy.