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 not only addresses bribery within the UK but also holds UK citizens and companies accountable for bribery committed abroad, requiring organizations to implement effective anti-bribery measures. The Serious Fraud Office (SFO) investigates allegations of corruption, and recent enhancements to the Unexplained Wealth Order regime empower law enforcement to scrutinize the origins of suspicious assets, reinforcing the UK's commitment to combating corruption.

The economy of Saint Helena, Ascension, and Tristan da Cunha is classified as an upper middle-income British Overseas Territory, heavily dependent on UK financial support. Key industries include construction, crafts, fishing, and collectible postage stamps, with significant military-related economic activity on Ascension Island. The islands face a budget deficit that is largely covered by UK grants, while exports mainly consist of fish, shellfish, and iron alloys.

The investment climate in Saint Helena, Ascension, and Tristan da Cunha is shaped by its remote location and dependence on external financial support, which can discourage private investment. However, the recent opening of an airport on Saint Helena offers potential for increased tourism and economic development. The stable political environment under UK governance and growth prospects in tourism and fishing sectors provide a cautiously optimistic outlook for future investments.