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 heavily reliant on fishing and tourism, with substantial financial support from the French government. The islands are facing economic difficulties due to fishing quota disputes and a decrease in shipping traffic, which has led to a dependence on French subsidies, while efforts to diversify the economy through tourism and aquaculture are ongoing.

The investment climate in Saint Pierre and Miquelon benefits from its status as a French overseas collectivity, which provides a stable legal framework for investors. The government is actively working to attract investments in tourism and aquaculture to stimulate economic growth, although the islands' remote location and limited resources present challenges for potential investors.