Peru Country Summary

FATF Status

Peru 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 Peru was undertaken in 2020. According to that Evaluation, Peru was deemed Compliant for 16 and Largely Compliant for 19 of the FATF 40 Recommendations. It remains Highly Effective for 0 and Substantially Effective for 4 with regard to the 11 areas of Effectiveness of its AML/CFT Regime.

Corruption in Peru is deeply entrenched, impacting all levels of government and society, with embezzlement, bribery, and fraud being prevalent, particularly within the justice system and public procurement. Despite recent reforms aimed at aligning procurement laws with international standards, the pervasive culture of corruption continues to erode public trust and complicate efforts to combat organized crime, which is fueled by significant drug production, human trafficking, and environmental crimes.

Peru's economy has demonstrated resilience and growth, rebounding by 3.3 percent in 2024 after a contraction in 2023, supported by a commitment to conservative fiscal management and market-oriented policies. Despite facing political instability and social conflicts that have impacted investor confidence, the country maintains a stable investment grade from major credit rating agencies, with private sector investment constituting a significant portion of total investment. The government actively promotes foreign direct investment through strong legal protections and public-private partnerships, particularly in key sectors like infrastructure and energy, while also addressing bureaucratic challenges to enhance the investment climate.