Tonga Country Summary
Sanctions
Lower Concern
FATF AML Deficient List
Lower Concern
Terrorism
Medium Concern
Corruption
Medium Concern
US State ML Assessment
Lower Concern
Criminal Markets (GI Index)
Medium Concern
EU Tax Blacklist
Lower Concern
Offshore Finance Center
Lower Concern
Please note that although the below Summary will give a general outline of the AML risks associated with the jurisdiction, if you are a Regulated entity then you may need to demonstrate that your Jurisdictional AML risk assessment has included a full assessment of the risk elements that have been identified as underpinning overall Country AML risk. To satisfy these requirements, we would recommend that you use our Subscription area.
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Anti Money Laundering
FATF Status
Tonga is not on the FATF List of Countries that have been identified as having strategic AML deficiencies
Compliance with FATF Recommendations
The last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Tonga was undertaken in 2021. According to that Evaluation, Tonga was deemed Compliant for 1 and Largely Compliant for 7 of the FATF 40 Recommendations. It was deemed Highly effective for 0 and Substantially Effective for 0 of the Effectiveness & Technical Compliance ratings.
Sanctions
There are no international sanctions currently in force against this country
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | NA |
| World Bank: Control of Corruption Percentile Rank | 45 |
Economy
Tonga's economy is heavily reliant on remittances from its diaspora, tourism, and agriculture, with a significant nonmonetary sector and a small manufacturing focus primarily on handicrafts. The royal family and nobles dominate key industries, including telecommunications, while the government is actively working to enhance the private sector and agricultural productivity to foster economic growth.
Tonga's investment climate has historically faced challenges, ranking 165th in investment safety as of 2011. The government is actively working to attract foreign investment, particularly in sectors like renewable energy and tourism, and has initiated reforms to improve the business environment, including joining the World Trade Organization in 2007. However, issues such as corruption and inadequate infrastructure continue to pose significant barriers for potential investors.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings