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
Bribery & Corruption
| 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 anti-corruption laws aimed at enhancing transparency and accountability in public life. The "Loi Sapin II" and the establishment of the Agence Française Anticorruption (AFA) have introduced measures to combat corruption, including the creation of an anti-corruption agency and requirements for lobbyists to register. Despite these efforts, challenges remain, particularly in enforcing foreign bribery laws and addressing the influence of political connections in public procurement.
Economy
Saint Barthélemy's economy is predominantly fueled by tourism and duty-free retail, positioning it as a high-income French Caribbean territory. With a nominal GDP estimated at 367 million euros in 2014 and a high GDP per capita of 38,994 euros, the island attracts around 200,000 visitors annually, significantly contributing to its luxury commerce and real estate market.
The investment climate in Saint Barthélemy is highly favorable, particularly for luxury tourism and real estate, driven by strong demand for high-end accommodations. Its governance as an overseas collectivity of France ensures a stable legal framework and access to EU markets, making it an attractive destination for investors. Additionally, the island's status as a duty-free zone further encourages international investment and luxury commerce.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
