Congo, the Democratic Republic Country Summary
Higher Risk
View full Ratings TableSanctions
Higher Concern
FATF AML Deficient List
Higher Concern
Terrorism
Higher 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
The Democratic Republic of Congo is 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 the Democratic Republic of Congo was undertaken in 2021. According to that Evaluation, he Democratic Republic of Congo was deemed Compliant for 0 and Largely Compliant for 4 of the FATF 40 Recommendations. It was also deemed Highly Effective for 0 and Substantially Effective for 0 with regard to the 11 areas of Effectiveness of its AML/CFT Regime.
Sanctions
The Democratic Republic of the Congo (DRC) is currently subject to international sanctions imposed by the United Nations, the United States, and the European Union. These sanctions include an arms embargo, travel restrictions, and asset freezes targeting individuals and entities involved in actions that threaten the peace, security, or stability of the DRC, as well as those obstructing humanitarian assistance.
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 20 |
| World Bank: Control of Corruption Percentile Rank | 5 |
The Democratic Republic of the Congo (DRC) faces significant challenges related to corruption and crime, with systemic issues deeply embedded in its governance structures. Despite constitutional provisions aimed at combating corruption, enforcement is inconsistent and often politically motivated, leading to a pervasive culture of impunity among state officials and complicity in various criminal activities, including human trafficking and illicit mineral trade.
Economy
The Democratic Republic of the Congo (DRC) is endowed with vast natural resources, including extensive arable land and a wealth of minerals, positioning it as a potentially prosperous nation. However, despite these advantages, the country faces significant challenges, including inadequate infrastructure, pervasive corruption, and ongoing security issues due to active armed groups, particularly in the eastern regions. Recent political changes under President Felix Tshisekedi have sparked optimism for improved governance and transparency, yet the DRC remains one of the most difficult environments for business, ranking low on the World Bank's Doing Business index and struggling with high operational costs and a fragile financial system.
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