Saint Barthélemy Country Summary
Medium-Low Risk
View full Ratings TableSanctions
Lower Concern
FATF AML Deficient List
Lower Concern
Terrorism
Lower Concern
Corruption
Lower Concern
US State ML Assessment
Medium 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
Saint Barthélemy is an overseas collectivity of France. As such, we are including the information for France below:
FATF Status
France is not on the FATF List of Countries that have been identified as having strategic AML deficiencies
Compliance with FATF Recommendations
The latest follow-up Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in France was undertaken in 2022. According to that Evaluation, France was deemed Compliant for 19 and Largely Compliant for 18 of the FATF 40 Recommendations. It was rated Highly Effective for 3 and Substantially Effective for 6 of the Effectiveness & Technical Compliance ratings.
Sanctions
There are currently no international sanctions in force against Saint Barthélemy.
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 67 |
| World Bank: Control of Corruption Percentile Rank | 84 |
Saint Barthélemy, as an overseas collectivity of France, reflects the broader challenges and reforms in combating corruption within the French political landscape. Recent legislative measures, such as the "Loi Sapin II," aim to enhance transparency and accountability in public life, yet concerns remain regarding the effectiveness of enforcement and the integrity of public officials, particularly in light of ongoing corruption cases involving high-ranking individuals.
Economy
Saint Barthélemy boasts a high-income economy primarily fueled by tourism and luxury duty-free commerce, making it one of the wealthiest regions in the Caribbean. With a nominal GDP of approximately 367 million euros and a per capita GDP of around 38,994 euros, the island attracts around 200,000 visitors annually, significantly bolstering its real estate market focused on luxury accommodations. The investment climate is favorable due to its political stability as a French overseas collectivity and a duty-free status, encouraging ventures in sustainable tourism and luxury developments while maintaining a high standard of living for residents.
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