Mayotte Country Summary

Mayotte is an overseas department and region 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.

Mayotte, as an overseas department of France, is subject to French laws aimed at combating corruption, including the 2017 "Loi Sapin II," which established an anti-corruption agency and mandated transparency in public life. Despite these measures, concerns remain regarding the enforcement of anti-corruption laws, particularly in cases involving foreign bribery, where the prosecution rate has been low and legislative reforms have stalled. France's commitment to improving its corruption perception is evident, but significant challenges persist in effectively addressing and prosecuting corruption-related offenses.

Mayotte's economy has seen significant growth since becoming a French department, with a GDP of €2.66 billion and a GDP per capita of €9,692 in 2019. However, challenges such as high poverty levels, inadequate infrastructure, and competition in agriculture persist, while tourism holds potential for future development despite crime-related issues.

Mayotte's investment climate benefits from its status as an overseas department of France, offering stability and access to European markets. However, significant barriers such as high poverty levels and inadequate infrastructure, including public services and housing, hinder the attraction of foreign investment.