United Kingdom 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
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
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 United Kingdom.
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 71 |
| World Bank: Control of Corruption Percentile Rank | 91 |
The United Kingdom exhibits a complex landscape of crime and corruption, characterized by isolated instances of bribery and a robust legal framework aimed at combating such issues, notably through the Bribery Act 2010. While the government effectively enforces anti-corruption laws and engages in international cooperation, challenges persist, including significant markets for drugs, human trafficking, and cybercrime, alongside vulnerabilities in public trust and the financial sector that facilitate money laundering.
Economy
The United Kingdom (UK) presents a favorable economy and investment climate, characterized by its openness to foreign direct investment (FDI) and a supportive regulatory framework that encourages business growth. With a consumer market exceeding 67 million people, the UK offers a diverse range of opportunities across various sectors, bolstered by a transparent legal system and a commitment to protecting private ownership. Recent initiatives, including significant funding for strategic industries and a focus on innovation and sustainability, reflect the government's ambition to position the UK as a leader in green technology and economic resilience, despite potential shifts in policy leading up to the anticipated general election in 2024.
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