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 to avoid liability. The UK also has independent agencies like the Serious Fraud Office that investigate and prosecute corruption, ensuring that high ethical standards are maintained in public services.

Saint Helena, Ascension, and Tristan da Cunha have an upper middle-income economy that relies significantly on financial support from the UK. Key industries include construction, crafts, fishing, and agriculture, with exports primarily consisting of fish and agricultural products like coffee and corn. The recent establishment of an airport on Saint Helena has improved access, potentially boosting tourism and local job opportunities, although challenges such as an aging population and limited infrastructure remain.

The investment climate in Saint Helena, Ascension, and Tristan da Cunha benefits from its status as a British Overseas Territory, which ensures a degree of political stability. However, challenges such as remote location and limited infrastructure may deter potential investors, despite improvements like the recent establishment of an airport on Saint Helena that could enhance tourism and job opportunities.