Saint Barthélemy Country Summary
Sanctions
Low Concern
FATF AML Deficient List
Low Concern
Terrorism
Low Concern
Corruption
Low Concern
US State ML Assessment
Medium Concern
Criminal Markets (GI Index)
Medium Concern
EU Tax Blacklist
Low Concern
Offshore Finance Center
Low Concern
Please note that although the below Summary will give a general outline of the AML risks associated with the jurisdiction, if you are a Regulated entity then you may need to demonstrate that your Jurisdictional AML risk assessment has included a full assessment of the risk elements that have been identified as underpinning overall Country AML risk. To satisfy these requirements, we would recommend that you use our Subscription area.
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Anti Money Laundering
Saint Barthélemy is an overseas collectivity 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.
Sanctions
There are no international sanctions currently in force against this country
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 67 |
| World Bank: Control of Corruption Percentile Rank | 84 |
Saint Barthélemy, as an overseas collectivity of France, is subject to French laws aimed at combating corruption, including 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 laws against foreign bribery, with the OECD noting insufficient prosecutions and a lack of legislative reforms to address key issues. The French government has made some progress in anti-corruption efforts, but significant challenges persist, particularly in ensuring accountability and enhancing the effectiveness of legal frameworks.
Economy
Saint Barthélemy has a high-income economy primarily driven by tourism and duty-free luxury commerce, with a nominal GDP estimated at 367 million euros in 2014 and a per capita GDP of approximately 38,994 euros, one of the highest in the Caribbean. The island is heavily import-dependent for essential goods and attracts around 200,000 visitors annually, which supports a robust real estate market focused on luxury accommodations.
The investment climate in Saint Barthélemy is favorable for luxury real estate and tourism-related ventures, bolstered by its status as a duty-free zone. The island's political stability as an overseas collectivity of France provides a secure environment for foreign investments, while the local government actively encourages sustainable tourism and luxury developments.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings