Central African Rep Country Summary
Higher Risk
View full Ratings TableSanctions
Higher Concern
FATF AML Deficient List
Lower Concern
Terrorism
Medium Concern
Corruption
Higher Concern
US State ML Assessment
Lower Concern
Criminal Markets (GI Index)
Higher 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
Central African Republic 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 relating to the implementation of anti-money laundering and counter-terrorist financing standards in the Central African Republic was undertaken in 2023. According to that Evaluation, the Central African Republic was deemed Compliant for 3 and Largely Compliant for 11 of the FATF 40 Recommendations. It was deemed Highly Effective for 0 and Substantially Effective for 0 of the Effectiveness Compliance ratings.
Sanctions
The Central African Republic (CAR) is currently subject to international sanctions that include a prohibition on the export of arms and related materials, as well as restrictions on financial assistance and services. Additionally, there are asset freezes for listed individuals and entities, travel restrictions for certain persons, and regulations from the United States that deny licenses for defense articles and services, with specific exceptions for humanitarian and protective uses.
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 24 |
| World Bank: Control of Corruption Percentile Rank | 9 |
The Central African Republic is grappling with significant challenges related to crime and corruption, characterized by widespread human trafficking, illicit trade in natural resources, and the exploitation of vulnerable populations by armed groups. The country's weak institutions and political instability hinder effective governance and law enforcement, while entrenched corruption and the complicity of state actors exacerbate the situation, leaving communities vulnerable to criminal exploitation and undermining resilience efforts.
Economy
The Central African Republic (CAR) has a primarily agricultural economy rich in natural resources such as diamonds, gold, and timber, yet it remains one of the poorest countries in the world, grappling with low GDP per capita and widespread poverty. Agriculture plays a crucial role in the economy, contributing significantly to GDP, but challenges like food insecurity and ongoing civil conflict hinder production and trade. The investment climate is fraught with difficulties due to political instability, inadequate infrastructure, and corruption, which deter foreign investment despite the potential for growth in sectors like mining and agriculture.
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