Niger Country Summary
Sanctions
Higher Concern
FATF AML Deficient List
Lower Concern
Terrorism
Higher Concern
Corruption
Higher 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
Niger 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 Niger was undertaken in 2021. According to that Evaluation, Niger was deemed Compliant for 10 and Largely Compliant for 16 of the FATF 40 Recommendations. It remains Highly effective for 0 and Substantially Effective for 0 of the Effectiveness & Technical Compliance ratings.
Sanctions
Niger, as a UN member, must support sanctions aimed at maintaining international peace and security. The UN Security Council has established 31 sanctions regimes since 1966, which include various measures like economic sanctions and travel bans, with a focus on the rights of those targeted. Currently, there are 15 ongoing sanctions regimes addressing issues such as political conflicts and counter-terrorism, administered by sanctions committees.
The EU has extended sanctions against Niger to support efforts for a return to constitutional order following a coup, emphasizing that military coups have consequences. These sanctions include asset freezes and travel bans, with humanitarian exemptions to ensure aid delivery. Additionally, ECOWAS revoked its sanctions against Niger in February 2024, while other nations and organizations have suspended financial assistance to the country.
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 34 |
| World Bank: Control of Corruption Percentile Rank | 32 |
Niger has established legal frameworks to combat corruption, including the 2010 constitution and the 2018 anti-corruption law, but enforcement remains weak due to resource limitations and underreporting by officials. The High Authority for the Fight against Corruption and Related Offenses (HALCIA) has conducted some successful investigations, yet criminal prosecutions are rare, and the perception of corruption hinders foreign direct investment. Additionally, Niger faces significant challenges with organized crime, including human trafficking, drug trafficking, and financial crimes, exacerbated by political corruption and a lack of effective governance.
Economy
Niger's economy has shown a positive trend with increasing Foreign Direct Investment (FDI) over the past decade, driven by government reforms aimed at liberalizing the economy and attracting foreign investors. The real GDP growth is projected to reach 6.9 percent in 2023 and 12.5 percent in 2024, largely due to anticipated revenues from the new China National Petroleum Corporation pipeline. However, challenges such as insecurity, limited infrastructure, and a shortage of skilled labor continue to hinder investment opportunities.
Niger's investment climate has seen a positive shift, with the government actively working to attract foreign direct investment (FDI) through reforms aimed at liberalizing the economy and creating new export processing zones. Despite the increased interest from U.S. firms, challenges such as insecurity, limited infrastructure, and bureaucratic delays continue to deter potential investors. The establishment of the High Council for Investment and the adoption of a new Investment Code demonstrate the government's commitment to improving the business environment and facilitating foreign investment.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings