Slovenia Country Summary

FATF Status

Slovenia 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 to the Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Slovenia was undertaken in December 2023. According to that Evaluation, Slovenia was deemed Compliant for 11 and Largely Compliant for 29 of the FATF 40 Recommendations. It remains rated Highly Effective for 0 and Substantially Effective for 1 with regard to the 11 areas of Effectiveness of its AML/CFT Regime.

Slovenia faces ongoing challenges with corruption, particularly in public procurement processes, where favoritism and a lack of competition have been reported. While the government has established various bodies to combat corruption and promote transparency, issues such as nepotism and clientelism persist, impacting the effectiveness of anti-corruption measures and the overall resilience to crime.

Slovenia's economy is a developed, export-oriented, middle-income system, boasting a nominal GDP of $72.48 billion and a per capita GDP of $34,127. The country is characterized by its modern infrastructure, a highly educated workforce, and strategic location within the EU, making it an appealing destination for foreign direct investment (FDI), which reached €22 billion in 2023. However, potential investors face challenges such as bureaucratic hurdles, high taxation, and a lack of transparency, which can complicate the investment climate despite the government's efforts to promote economic competitiveness and streamline business operations.