Slovakia Country Summary

FATF Status

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

Compliance with FATF Recommendations

The last follow-up Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Slovakia was undertaken in 2025. According to the follow-up Evaluation, Slovakia was deemed Compliant for 7 and Largely Compliant for 29 of the FATF 40 Recommendations. It remains Highly effective for 0 and Substantially Effective for 1 of the Effectiveness & Technical Compliance ratings.

Slovakia faces significant challenges related to crime and corruption, with ongoing concerns about the effectiveness of its legal and institutional frameworks. While laws against bribery and corruption exist, recent legislative changes have raised fears of reduced penalties and increased impunity for high-level offenders, undermining public trust and the government's ability to combat corruption effectively.

Slovakia's economy is characterized as small, open, and export-oriented, with a population of 5.42 million and a notable integration into international frameworks such as the EU and eurozone. Despite experiencing a growth rate of 2.1% in 2024, the economy faces challenges from cooling foreign demand, high inflation, and a reliance on energy subsidies, while the government aims to attract higher value-added investments and effectively utilize EU funds. The investment climate remains attractive due to Slovakia's skilled workforce, favorable geographic location, and government support for foreign direct investment, although concerns about corruption, bureaucratic inefficiencies, and fiscal sustainability pose significant challenges for potential investors.