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, follows the UK's legal framework regarding corruption and bribery. The UK Bribery Act 2010 provides a comprehensive approach to combat bribery both domestically and internationally, holding companies accountable for preventing bribery by their associates. While isolated instances of corruption exist, the UK maintains a strong legal structure and effective enforcement through agencies like the Serious Fraud Office, ensuring that corruption does not significantly hinder business operations.

Pitcairn's economy is a small, territorial one that relies heavily on exports such as postage stamps, handicrafts, and high-quality honey, while also depending on aid from the UK and EU. Agriculture is limited but includes the cultivation of fruits and vegetables, and fishing serves as a vital source of food and trade. The investment climate is challenging due to a small population and limited economic opportunities, with tourism emerging as a focus for growth despite infrastructure challenges.

The investment climate in Pitcairn is challenging due to its small population and limited economic opportunities, with the government maintaining a monopoly over local production and sales. Efforts to attract migrants have been hindered by substantial financial requirements and employment restrictions during a trial period. Additionally, while tourism is a growing focus, the island's isolation and the need for significant infrastructure investment present ongoing challenges for economic development.