Saint Pierre and Miquelon is a self-governing territorial 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.

Saint Pierre and Miquelon, as a self-governing territorial overseas collectivity of France, is subject to French anti-corruption laws aimed at enhancing transparency and accountability in public life. The "Loi Sapin II" established a framework for combating corruption, including the creation of an anti-corruption agency and requirements for lobbyists to register, while France's ranking on Transparency International's 2023 Corruption Perceptions Index indicates ongoing challenges in public procurement and political funding. Despite legislative advancements, enforcement of foreign bribery laws remains inadequate, with calls for improved prosecution and awareness efforts among businesses regarding the risks of corruption.

Saint Pierre and Miquelon's economy is largely reliant on fishing and servicing fishing fleets, although it has faced decline due to fishing quota disputes and decreased ship traffic. The islands benefit from significant financial support from France, which helps sustain a high standard of living, while tourism and aquaculture are being explored as potential growth sectors.

The investment climate in Saint Pierre and Miquelon benefits from its status as an overseas collectivity of France, which ensures a stable regulatory environment. However, potential investors may encounter challenges due to the islands' geographic isolation and dependence on external markets. The government is actively promoting investment in tourism and aquaculture, recognizing their importance for future economic sustainability.