Niger Country Summary
Medium-High Risk
View full Ratings TableSanctions
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.
If you would like a demo of our Subscription area, please reserve a day/time that suits you best using this link, or you may Contact Us for further information.
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
As of October 2023, the European Union has implemented restrictive measures against Niger, which include asset freezes and travel bans targeting individuals and entities that threaten the country's stability and constitutional order. Additionally, several countries and regional organizations, including the EU, US, Canada, France, Netherlands, and the World Bank, have suspended financial assistance and development aid to Niger.
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 34 |
| World Bank: Control of Corruption Percentile Rank | 32 |
Niger faces significant challenges related to crime and corruption, with widespread issues in human trafficking, arms trafficking, and drug smuggling, compounded by the involvement of state-embedded actors in organized crime. Despite the government's efforts to combat corruption and organized crime, including the establishment of anti-corruption laws and institutions, effectiveness is hampered by resource limitations, political elite involvement in illicit activities, and a judicial system plagued by corruption and executive interference.
Economy
Niger's economy has shown promising growth, with Foreign Direct Investment (FDI) increasing over the past decade, driven by government reforms aimed at liberalizing the economy and attracting international investors. The anticipated launch of the new China National Petroleum Corporation pipeline in late 2023 is expected to significantly boost revenue, contributing to a projected real GDP growth of 6.9% in 2023 and 12.5% in 2024. However, challenges such as insecurity, limited infrastructure, and bureaucratic hurdles continue to deter potential investors, despite the government's efforts to create a more favorable business environment through initiatives like the High Council for Investment and the establishment of export processing zones.
Subscribe to
Professional Plus
- Unlimited Access to full Risk Reports
- Full Dataset Download
- API Access
- Virtual Asset Risk Assessments
