Réunion is an overseas department and region of France. Information for France may be included below:

FATF Status

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

Compliance with FATF Recommendations

The latest follow-up Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in France was undertaken in 2022. According to that Evaluation, France was deemed Compliant for 19 and Largely Compliant for 18 of the FATF 40 Recommendations. It was rated Highly Effective for 3 and Substantially Effective for 6 of the Effectiveness & Technical Compliance ratings.

Réunion, as an overseas department of France, is subject to French laws aimed at combating corruption, including the "Restoring Confidence in Public Life" law and the "Loi Sapin II," which established a new anti-corruption agency and enhanced transparency measures. Despite these efforts, concerns remain regarding the enforcement of anti-corruption laws, particularly in cases involving foreign bribery, where the legal framework has not fully addressed issues such as the dual criminality requirement and the independence of prosecutors. France's commitment to tackling corruption is further complicated by ongoing challenges in public procurement and political funding, highlighting the need for continued vigilance and reform.

Réunion's economy heavily relies on agriculture, especially sugarcane, which has been a key product and export. Additionally, tourism plays a vital role in generating income, although the island faces challenges such as high unemployment rates and a GDP per capita lower than that of metropolitan France.

The investment climate in Réunion benefits from its status as an overseas department of France, offering a stable political environment and access to European Union markets. However, challenges such as the island's remote location and ongoing economic issues may deter potential investors, despite efforts to attract investment in sectors like tourism, renewable energy, and agriculture.