Flag

San Marino Country Summary

Sanctions

No

FATF AML Deficient List

No

Terrorism
Corruption
US State ML Assessment
Criminal Markets (GI Index)
EU Tax Blacklist
Offshore Finance Center

Please note that although the below Summary will give a general outline of the AML risks associated with the jurisdiction, if you are a Regulated entity then you may need to demonstrate that your Jurisdictional AML risk assessment has included a full assessment of the risk elements that have been identified as underpinning overall Country AML risk. To satisfy these requirements, we would recommend that you use our Subscription area.

If you would like a demo of our Subscription area, please reserve a day/time that suits you best using this link, or you may Contact Us for further information.

Anti Money Laundering

FATF Status

San Marino is not on the FATF List of Countries that have been identified as having strategic AML deficiencies.

Sanctions

There are no international sanctions currently in force against this country

Bribery & Corruption

Rating 0 (bad) - 100 (good)
Transparency International Corruption Index NA
World Bank: Control of Corruption Percentile Rank 89

Economy

San Marino has a developed economy primarily based on finance, industry, services, retail, and tourism, making it one of the wealthiest countries in terms of GDP per capita. Key industries include banking, electronics, and ceramics, with tourism contributing over 22% of GDP and attracting approximately 2 million visitors annually.

San Marino's investment climate is highly favorable, characterized by low taxation and a supportive business environment that attracts foreign investments. The country offers significant benefits to new businesses, which can lead to reduced tax liabilities, and its economic agreements with Italy further facilitate trade and investment. Despite some restrictions on specific imports, the overall environment remains conducive for investors, supported by a strong financial sector and a commitment to economic stability.

Floating Section Image

Buy Full San Marino Report


$125 one time payment
The full report features:
  • Risk Analysis
  • Corruption
  • Economy
  • Sanctions
  • Narcotics
  • Executive Summaries
  • Investment Climates
  • FATF Status
  • Compliance
  • Key Findings
Buy Full Report