United States Virgin Islands Country Summary
Sanctions
Lower Concern
FATF AML Deficient List
Lower Concern
Terrorism
Lower Concern
Corruption
Medium Concern
US State ML Assessment
Medium Concern
Criminal Markets (GI Index)
Medium Concern
EU Tax Blacklist
Higher 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
The United States Virgin Islands is a territory of the United States. Information for the United States may be included below:
FATF Status
The U.S.A. 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 the USA was undertaken by in 2024. According to that Evaluation, the USA was deemed Compliant for 9 and Largely Compliant for 23 of the FATF 40 Recommendations. It remains Highly Effective for 4 and Substantially Effective for 4 with regard to the 11 areas of Effectiveness of its AML/CFT Regime.
Sanctions
There are no international sanctions currently in force against this country
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 65 |
| World Bank: Control of Corruption Percentile Rank | 83 |
The United States faces significant challenges with various criminal markets, including human trafficking, arms trafficking, drug trade, and cyber crimes, driven by both local and international demand. Criminal networks, including foreign groups, exert considerable influence, particularly in drug trafficking and financial crimes, while the US government demonstrates resilience through international cooperation and a robust legal framework. Despite these efforts, issues such as corruption, political polarization, and public trust in law enforcement remain pressing concerns.
Economy
The economy of the United States Virgin Islands is predominantly driven by tourism, which constitutes about 60% of the GDP and attracts 2.5 to 3 million visitors each year. While the closure of the HOVENSA oil refinery in 2012 posed significant challenges, the tourism and service sectors have shown signs of growth, although the overall economic situation remains delicate.
The investment climate in the United States Virgin Islands benefits from its status as a U.S. territory, providing stability and access to U.S. markets. However, challenges such as high public debt, a structural budget deficit, and the high cost of living and energy can deter potential investors. To attract investment, particularly in tourism and other sectors, the government has implemented various tax incentives.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings