The United States Virgin Islands is a territory of the United States. Information for the United States may be included below:

FATF status

US Virgin Islands is not on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

The US Virgin Islands falls within the jurisdiction of the USA with regard to the Mutual Evaluation Report.

The latest follow-up Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in the USA was undertaken by in 2024. According to that Evaluation, the USA was deemed Compliant for 9 and Largely Compliant for 23 of the FATF 40 Recommendations. It remains Highly Effective for 4 and Substantially Effective for 4 with regard to the 11 areas of Effectiveness of its AML/CFT Regime.

The United States Virgin Islands, as a territory of the United States, reflects the broader business environment of the US, where corruption is not seen as a significant risk for foreign investors. While the US presents a competitive market with numerous opportunities, businesses must navigate a complex regulatory landscape due to various levels of governance and stringent anti-corruption laws. The government actively enforces these laws, including the Foreign Corrupt Practices Act, which allows for limited exceptions regarding facilitation payments and gifts, although such practices can still lead to violations of other regulations.

The economy of the United States Virgin Islands is predominantly driven by tourism, which constitutes about 60% of the GDP and attracts around 2.5 to 3 million visitors each year. The territory has encountered economic difficulties, particularly after the closure of the HOVENSA oil refinery in 2012, leading to financial instability characterized by high public debt and a structural budget deficit.

The investment climate in the United States Virgin Islands benefits from its status as a U.S. territory, providing a stable legal framework that attracts international businesses, particularly in tourism and trade. However, challenges such as high energy costs and a struggling economy persist, alongside the limitation of certain federal tax benefits. Despite these issues, the territory is viewed as a tax haven, with ongoing government efforts to stabilize the economy through new taxes on various goods.