Haiti Country Summary
Higher Risk
View full Ratings TableSanctions
Higher Concern
FATF AML Deficient List
Higher Concern
Terrorism
Medium Concern
Corruption
Higher Concern
US State ML Assessment
Higher 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
Haiti 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 Haiti was undertaken in 2019. According to that Evaluation, Haiti was deemed Compliant for 0 and Largely Compliant for 2 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
Haiti is subject to sanctions enforced by other nations and the United Nations, including a comprehensive UN arms embargo, asset freezes, and travel bans on individuals designated by the UN Sanctions Committee, with an expert panel monitoring compliance and the regime effective until 18 October 2025. In addition to UN measures, multiple countries maintain autonomous or partially autonomous Haiti-related sanctions, such as OFAC designations of gangs Gran Grif and Viv Ansanm under counter-terrorism and Magnitsky programs (e.g., Michel Martelly in 2024), and national regimes in the EU, UK, Canada, Australia, Japan, New Zealand, and Switzerland that implement asset freezes, travel bans, and arms embargoes aligned with UN resolutions or through Haiti-focused regulations.
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 16 |
| World Bank: Control of Corruption Percentile Rank | 6 |
Haiti is grappling with pervasive corruption and crime, significantly hindering its governance and economic stability. The country's political turmoil, characterized by a lack of elected officials and widespread corruption, has allowed armed gangs to exert control, while the judicial system remains ineffective due to resource constraints and executive dominance, further exacerbating the challenges faced by law enforcement and civil society.
Economy
Haiti's economy presents a complex landscape characterized by significant investment potential alongside substantial challenges. The country is marked by a youthful population and abundant arable land, yet it grapples with deep-rooted issues such as corruption, underdeveloped infrastructure, and ongoing political instability, which hinder economic growth and deter foreign investment. The current economic climate is exacerbated by escalating gang violence, a high inflation rate of 26.5%, and a critical brain drain, all of which contribute to a humanitarian crisis affecting millions and complicate the efforts to stabilize and revitalize the economy.
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