Slovenia Country Summary
Medium Risk
View full Ratings TableSanctions
Higher Concern
FATF AML Deficient List
Lower Concern
Terrorism
Medium Concern
Corruption
Medium 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
Slovenia 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 to the Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Slovenia was undertaken in December 2023. According to that Evaluation, Slovenia was deemed Compliant for 11 and Largely Compliant for 29 of the FATF 40 Recommendations. It remains rated Highly Effective for 0 and Substantially Effective for 1 with regard to the 11 areas of Effectiveness of its AML/CFT Regime.
Sanctions
Slovenia is subject to international sanctions under the U.S. Office of Foreign Assets Control (OFAC) due to its inclusion in the Western Balkans region. These sanctions, established under Executive Order 14033, target individuals and entities involved in activities that threaten peace, stability, or democratic processes in the area, which includes Slovenia.
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 60 |
| World Bank: Control of Corruption Percentile Rank | 77 |
Slovenia faces ongoing challenges with corruption and organized crime, although the prevalence of corruption is relatively limited and does not significantly deter foreign direct investment. The government has established various mechanisms, such as the Commission for the Prevention of Corruption, to combat corruption and improve transparency, yet issues like nepotism and clientelism persist, particularly in public procurement processes.
In terms of criminal activity, Slovenia serves primarily as a transit point for human trafficking and smuggling, while also experiencing issues related to drug trafficking and financial crimes. Despite improvements in the efficiency of the judiciary and law enforcement, public trust remains low, and the country grapples with the complexities of modern organized crime, including sophisticated white-collar offenses and cybercrime.
Economy
Slovenia has a developed, export-oriented economy with a nominal GDP of $73.83 billion and a per capita GDP of $34,839, characterized by high human development and political stability. The country is an attractive destination for foreign direct investment (FDI) due to its modern infrastructure, educated workforce, and strategic location within the EU, although challenges such as bureaucratic hurdles and high taxation persist. Despite experiencing robust economic growth post-COVID-19, Slovenia's growth has slowed in 2023 due to rising inflation and energy prices, leading to a more cautious outlook for future economic performance.
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