Saint Helena, Ascension and Tristan da Cunha is a 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.

Saint Helena, Ascension and Tristan da Cunha, as a UK territory, follows the UK's robust legal framework against corruption, primarily governed by the Bribery Act 2010. This Act holds individuals and companies accountable for bribery both domestically and internationally, requiring organizations to implement effective anti-bribery measures. The Serious Fraud Office (SFO) plays a crucial role in investigating and prosecuting corruption, ensuring that allegations are addressed, and the UK has strengthened its mechanisms, such as the Unexplained Wealth Order, to combat financial crimes.

The economy of Saint Helena, Ascension, and Tristan da Cunha is classified as an upper middle-income territory, primarily supported by UK financial assistance. Key industries include construction, crafts, fishing, and the production of collectible postage stamps, while the territory also engages in limited agricultural production, exporting commodities such as fish and corn.

The investment climate in Saint Helena, Ascension, and Tristan da Cunha benefits from its status as a British Overseas Territory, which offers stability and support for investors. However, challenges such as its remote location and limited infrastructure may deter potential investments. The recent establishment of a commercial airport on Saint Helena has enhanced accessibility, which could positively influence tourism and local employment opportunities.