Niue Country Summary
Medium Risk
View full Ratings TableSanctions
Lower Concern
FATF AML Deficient List
Lower Concern
Terrorism
Medium Concern
Corruption
Medium Concern
US State ML Assessment
Lower Concern
Criminal Markets (GI Index)
Lower Concern
EU Tax Blacklist
Lower Concern
Offshore Finance Center
Higher 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
Niue is not on the FATF List of Countries that have been identified as having strategic AML deficiencies
Compliance with FATF Recommendations
It should be noted that the new style FATF Mutual Evaluation has not yet been undertaken.
The last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Niue was undertaken by the Financial Action Task Force (FATF) in 2012. According to that Evaluation, Niue was deemed Compliant for 3 and Largely Compliant for 10 of the FATF 40 + 9 Recommendations. It was Partially Compliant or Non-Compliant for 5 of the 6 Core Recommendations.
Sanctions
There are currently no international sanctions in force against Niue.
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | NA |
| World Bank: Control of Corruption Percentile Rank | NA |
Niue appears to have a low incidence of crime and corruption, contributing to a generally safe environment for its residents and visitors. The community demonstrates resilience to crime, likely due to strong social cohesion and effective local governance.
Economy
Niue's economy is classified as an upper-middle-income territory, primarily driven by tourism, agriculture, and foreign aid, with a GDP of approximately NZ$17 million as of 2003. Agriculture remains vital, focusing on key exports like taro, vanilla, and noni, while the fisheries sector is being developed through joint ventures aimed at processing fish for export. The investment climate is relatively stable, supported by New Zealand's economic assistance, and the government actively encourages foreign investment in tourism through tax incentives, while also striving to diversify the economy and enhance infrastructure.
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