Central African Rep Country Summary
Sanctions
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
As a UN member, this country must adhere to sanctions imposed by the UN Security Council to maintain international peace and security. Since 1966, the Security Council has established 31 sanctions regimes, which include economic sanctions, arms embargoes, and travel bans, focusing on various global threats. Currently, there are 15 ongoing sanctions regimes aimed at political settlements, nuclear non-proliferation, and counter-terrorism, with a Consolidated List of individuals and entities affected by these measures.
The UN views sanctions as part of a broader strategy for peace, rather than purely punitive actions. Recent measures include lifting the arms embargo on the Central African Republic while enforcing strict prohibitions on arms exports and asset freezes for listed individuals. The U.S. has specific policies regarding defense articles and assistance to the Central African Republic, allowing certain exceptions for humanitarian and security purposes.
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 24 |
| World Bank: Control of Corruption Percentile Rank | 9 |
The criminal landscape in the Central African Republic (CAR) is characterized by human trafficking, illicit trade in natural resources, and corruption, driven by conflict and weak governance. Local armed groups dominate the illicit economies, while foreign networks collaborate in trafficking operations, exacerbating the situation. Efforts to build resilience are hindered by under-resourced law enforcement, political instability, and the pervasive influence of criminal networks.
Economy
The Central African Republic has a predominantly agricultural economy, heavily reliant on natural resources such as diamonds, gold, and timber. Despite its resource wealth, the country faces significant challenges, including high poverty levels, food insecurity, and ongoing civil conflict that disrupts production and trade.
The investment climate in the Central African Republic is hindered by political instability, inadequate infrastructure, and a lack of regulatory frameworks, which deter foreign investment. Despite the potential for growth in sectors like mining and agriculture, security concerns and corruption pose significant challenges for investors. Efforts to improve the business environment have been made, but the country continues to rank low on global indices for ease of doing business.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings