Saint Helena, Ascension and Tristan 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
Higher 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
Saint Helena, Ascension and Tristan da Cunha is a territory of the United Kingdom. As such, we are including the information for the United Kingdom below:
FATF Status
The United Kingdom is not on the FATF List of Countries that have been identified as having strategic AML deficiencies
Compliance with FATF Recommendations
The last follow-up Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in the United Kingdom was undertaken in 2022. According to that Evaluation, the United Kingdom was deemed Compliant for 24 and Largely Compliant for 15 of the FATF 40 Recommendations. It remains rated Highly Effective for 4 and Substantially Effective for 4 of the Effectiveness & Technical Compliance ratings.
Sanctions
There are currently no international sanctions in force against Saint Helena, Ascension and Tristan.
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 71 |
| World Bank: Control of Corruption Percentile Rank | 91 |
Saint Helena, Ascension, and Tristan da Cunha, as a territory of the United Kingdom, reflect the broader context of crime and corruption in the UK, where isolated instances of bribery and corruption have been reported, but these do not significantly deter business operations. The UK has established a comprehensive legal framework to combat bribery and corruption, including the Bribery Act 2010, which imposes strict regulations on both domestic and foreign entities, while the government actively enforces these laws through agencies like the Serious Fraud Office.
Economy
Saint Helena, Ascension, and Tristan da Cunha maintain an upper middle-income economy largely supported by the United Kingdom, with key industries including construction, fishing, and crafts. The islands primarily export fish and shellfish, with significant trade partners such as Singapore and the USA, while relying heavily on imports from the UK and Greece to fulfill their needs. Although the recent establishment of an airport on Saint Helena has enhanced accessibility and potential tourism growth, challenges such as an aging population and outward migration continue to impact the labor market and necessitate ongoing adaptation to attract investment and retain residents.
Subscribe to
Professional Plus
- Unlimited Access to full Risk Reports
- Full Dataset Download
- API Access
- Virtual Asset Risk Assessments
