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, such as the "Loi Sapin II," which established an anti-corruption agency and mandated transparency in public life. Despite these measures, concerns remain regarding the enforcement of anti-corruption laws, particularly in cases involving foreign bribery, where the prosecution has been limited and the legal framework has not been fully aligned with international standards. France's commitment to improving its corruption perception is evident, but challenges persist in ensuring accountability and transparency among public officials.

Réunion's economy is primarily driven by tourism, which has overtaken traditional agricultural sectors like sugarcane. The island's GDP reached 19.5 billion euros in 2019, indicating significant growth since the early 2000s, although challenges such as a 19.0% unemployment rate in 2023 and a reliance on imports persist.

Réunion's investment climate is bolstered by its status as an overseas department of France, offering a stable political environment and access to European Union markets. The government actively encourages foreign investment, particularly in the tourism and renewable energy sectors, although challenges such as high unemployment and reliance on imports may deter some investors. Nevertheless, ongoing infrastructure modernization and economic diversification efforts present promising opportunities for future growth.